Community Trust Bancorp hikes dividend 14.3%
Ticker: CTBI · Form: 8-K · Filed: Jul 24, 2024 · CIK: 350852
Sentiment: bullish
Topics: dividend, shareholder-return
Related Tickers: CTBI
TL;DR
CTBI boosting quarterly dividend to $0.32 from $0.28, pays Aug 23.
AI Summary
Community Trust Bancorp, Inc. (CTBI) announced on July 23, 2024, an increase in its quarterly cash dividend to $0.32 per share, up from $0.28 per share. This represents a 14.3% increase and will be paid on August 23, 2024, to shareholders of record as of August 9, 2024.
Why It Matters
The increased dividend signals management's confidence in the company's financial health and its ability to return more capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a dividend increase, which is generally positive news with low inherent risk.
Key Numbers
- $0.32 — Quarterly Dividend (New increased dividend per share)
- $0.28 — Previous Quarterly Dividend (Prior dividend amount per share)
- 14.3% — Dividend Increase (Percentage increase in the quarterly dividend)
Key Players & Entities
- Community Trust Bancorp, Inc. (company) — Registrant
- CTBI (company) — Trading symbol
- $0.32 (dollar_amount) — New quarterly cash dividend per share
- $0.28 (dollar_amount) — Previous quarterly cash dividend per share
- August 23, 2024 (date) — Payment date for the increased dividend
- August 9, 2024 (date) — Record date for the dividend
FAQ
What is the new quarterly cash dividend per share for Community Trust Bancorp, Inc.?
The new quarterly cash dividend per share is $0.32.
What was the previous quarterly cash dividend per share?
The previous quarterly cash dividend per share was $0.28.
What is the percentage increase in the quarterly dividend?
The quarterly dividend has been increased by 14.3%.
When will the increased dividend be paid?
The increased dividend will be paid on August 23, 2024.
Who is eligible to receive the increased dividend?
Shareholders of record as of August 9, 2024, will be eligible to receive the increased dividend.
Filing Stats: 404 words · 2 min read · ~1 pages · Grade level 10.4 · Accepted 2024-07-24 08:24:19
Key Financial Figures
- $0.47 — . declared a quarterly cash dividend of $0.47 per share beginning with the October 1,
Filing Documents
- ctbi2024cashdivdinc8k.htm (8-K) — 24KB
- 0000350852-24-000082.txt ( ) — 156KB
- ctbi-20240723.xsd (EX-101.SCH) — 4KB
- ctbi-20240723_lab.xml (EX-101.LAB) — 21KB
- ctbi-20240723_pre.xml (EX-101.PRE) — 16KB
- ctbi2024cashdivdinc8k_htm.xml (XML) — 4KB
01 Other Events —Announcing
Item 8.01 Other Events —Announcing Increase in Cash Dividend provided under Items 7.01 and 8.01 of Form 8-K On July 23, 2024, the Board of Directors of Community Trust Bancorp, Inc. declared a quarterly cash dividend of $0.47 per share beginning with the October 1, 2024 payment to shareholders of record on September 15, 2024. This represents an increase of 2.2% in the quarterly cash dividend.
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. COMMUNITY TRUST BANCORP, INC. By: Date: July 24, 2024 /s/ Mark A. Gooch Mark A. Gooch Chairman, President, and Chief Executive Officer