MADISON, Wis.--(BUSINESS WIRE)--
First Business Financial Services, Inc. (“First Business”) (Nasdaq:
FBIZ) announced its board of directors has declared a quarterly cash
dividend on its common stock of $0.15 per share which is equivalent to a
dividend yield of 2.90% based on Thursday’s market close price of
$20.70. The quarterly dividend represents a 7.1% increase over the
quarterly dividend declared in October 2018, and, based on our fourth
quarter 2018 earnings per share, a dividend payout ratio of 32.61%. This
regular cash dividend is payable on February 14, 2019 to shareholders of
record at the close of business on February 4, 2019.
Corey Chambas, President and Chief Executive Officer, stated, “The
increase in the quarterly cash dividend, which marks our seventh
consecutive annual increase, is a reflection of the Board’s confidence
in First Business and its commitment to reward shareholders for their
ownership.”
About First Business Financial Services, Inc.
First Business Financial Services is a Wisconsin-based bank holding
company, focused on the unique needs of businesses, business executives
and high net worth individuals. First Business offers commercial
banking, specialty finance and private wealth management solutions, and
because of its niche focus, is able to provide its clients with
unmatched expertise, accessibility and responsiveness. For additional
information, visit www.firstbusiness.com
or call 608-238-8008.
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
2017 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/20190125005457/en/
Edward G. Sloane, Jr.
Chief Financial Officer
First Business
Financial Services, Inc.
608-232-5970
esloane@firstbusiness.com
Source: First Business Financial Services, Inc.