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First Business Bank (Nasdaq: FBIZ) has announced a 16% increase in its quarterly cash dividend, raising it to $0.29 per share. This represents a dividend yield of 2.25% based on Friday’s closing price of $51.66. The increase marks the company’s 13th consecutive annual dividend raise, with a dividend payout ratio of 17% based on fourth quarter 2024 earnings per share.
The quarterly dividend will be payable on February 28, 2025, to shareholders of record as of February 14, 2025. Additionally, the company declared a dividend on its 7% Series A Preferred Stock of $17.50 per share, payable on March 17, 2025, to shareholders of record on February 28, 2025.
First Business Bank (Nasdaq: FBIZ) ha annunciato un aumento del 16% del suo dividendo in contante trimestrale, portandolo a 0,29 dollari per azione. Questo rappresenta un rendimento da dividendo del 2,25% basato sul prezzo di chiusura di venerdì di 51,66 dollari. L’aumento segna il 13° aumento annuale consecutivo del dividendo, con un rapporto di pagamento dei dividendi del 17% basato sugli utili per azione del quarto trimestre 2024.
Il dividendo trimestrale sarà pagabile il 28 febbraio 2025, agli azionisti registrati al 14 febbraio 2025. Inoltre, la società ha dichiarato un dividendo sulla sua azione privilegiata di Classe A al 7% di 17,50 dollari per azione, pagabile il 17 marzo 2025, agli azionisti registrati il 28 febbraio 2025.
First Business Bank (Nasdaq: FBIZ) ha anunciado un aumento del 16% en su dividendo en efectivo trimestral, elevándolo a $0.29 por acción. Esto representa un rendimiento de dividendo del 2.25% basado en el precio de cierre del viernes de $51.66. El aumento marca el 13° aumento anual consecutivo del dividendo, con una tasa de pago de dividendos del 17% basada en las ganancias por acción del cuarto trimestre de 2024.
El dividendo trimestral será pagadero el 28 de febrero de 2025, a los accionistas registrados al 14 de febrero de 2025. Además, la compañía declaró un dividendo sobre sus acciones preferentes de Clase A del 7% de $17.50 por acción, a pagar el 17 de marzo de 2025, a los accionistas registrados el 28 de febrero de 2025.
퍼스트 비즈니스 뱅크 (Nasdaq: FBIZ)는 분기 현금 배당금을 16% 인상하여 주당 $0.29로 올렸다고 발표했습니다. 이는 금요일 종가인 $51.66을 기준으로 할 때 2.25%의 배당 수익률을 나타냅니다. 이번 인상은 회사의 13번째 연속 연간 배당금 인상이며, 2024년 4분기 주당순이익을 기준으로 한 배당금 지급 비율은 17%입니다.
분기 배당금은 2025년 2월 28일에 지불되며, 2025년 2월 14일 기준 주주에게 지급됩니다. 또한, 회사는 7% A 우선주에 대해 주당 $17.50의 배당금을 선언했으며, 이는 2025년 3월 17일에 2025년 2월 28일 기준 주주에게 지급될 예정입니다.
First Business Bank (Nasdaq: FBIZ) a annoncé une augmentation de 16% de son dividende en espèces trimestriel, le portant à 0,29 $ par action. Cela représente un rendement du dividende de 2,25% basé sur le prix de clôture de vendredi de 51,66 $. Cette augmentation marque la 13ème augmentation annuelle consécutive du dividende, avec un ratio de distribution de 17% basé sur les bénéfices par action du quatrième trimestre 2024.
Le dividende trimestriel sera payable le 28 février 2025, aux actionnaires enregistrés au 14 février 2025. De plus, la société a déclaré un dividende sur ses actions privilégiées de Classe A à 7% de 17,50 $ par action, payable le 17 mars 2025, aux actionnaires enregistrés le 28 février 2025.
First Business Bank (Nasdaq: FBIZ) hat eine Erhöhung der vierteljährlichen Barkapitaldividende um 16% angekündigt, wodurch diese auf 0,29 $ pro Aktie steigt. Dies entspricht einer Dividendenrendite von 2,25% basierend auf dem Schlusskurs am Freitag von 51,66 $. Die Erhöhung markiert die 13. jährliche Dividendensteigerung in Folge, mit einer Ausschüttungsquote von 17% basierend auf den Ergebnissen pro Aktie des vierten Quartals 2024.
Die vierteljährliche Dividende wird am 28. Februar 2025 an Aktionäre ausgezahlt, die am 14. Februar 2025 im Aktienregister stehen. Darüber hinaus erklärte das Unternehmen eine Dividende von 17,50 $ pro Aktie für seine 7% Serie A Vorzugsaktien, die am 17. März 2025 an Aktionäre ausgezahlt wird, die am 28. Februar 2025 im Aktienregister stehen.
MADISON, Wis.–(BUSINESS WIRE)– First paragraph, first sentence should read: …which is equivalent to a dividend yield of 2.25%… (instead of …which is equivalent to a dividend yield of 22%…).
The updated release reads:
FIRST BUSINESS BANK ANNOUNCES 16% INCREASE IN QUARTERLY COMMON STOCK DIVIDEND
First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) announced its Board of Directors has declared a quarterly cash dividend on its common stock of $0.29 per share, which is equivalent to a dividend yield of 2.25% based on Friday’s market close price of $51.66. The quarterly dividend represents a 16% increase over the quarterly dividend declared in October 2024 and marks the 13th consecutive annual dividend raise. Based on fourth quarter 2024 earnings per share, this represents a dividend payout ratio of 17%. This regular cash dividend is payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025.
The board of directors also declared a dividend on the Company’s 7% Series A Preferred Stock of $17.50 per share, payable on March 17, 2025, to shareholders of record on February 28, 2025.
About First Business Bank
First Business Bank specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting Services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.
This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2022 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250202071134/en/
Brian D. Spielmann
Chief Financial Officer
First Business Financial Services, Inc.
608-232-5970
Source: First Business Financial Services, Inc.
FAQ
What is the new quarterly dividend amount for First Business Bank (FBIZ) stock?
First Business Bank announced a quarterly cash dividend of $0.29 per share, representing a 16% increase from the previous quarter.
When will FBIZ’s new quarterly dividend be paid?
The quarterly dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025.
What is the dividend yield for FBIZ based on the new quarterly dividend?
The dividend yield is 2.25% based on Friday’s market closing price of $51.66.
What is FBIZ’s dividend payout ratio for Q4 2024?
Based on fourth quarter 2024 earnings per share, the dividend payout ratio is 17%.
How many consecutive years has FBIZ increased its annual dividend?
This marks First Business Bank’s 13th consecutive annual dividend raise.
What is the preferred stock dividend announcement for FBIZ?
FBIZ declared a dividend of $17.50 per share on its 7% Series A Preferred Stock, payable on March 17, 2025, to shareholders of record on February 28, 2025.
