First Business Announces Post-Split Quarterly Dividend of $0.11
October 30 2015 - 3:31PM
First Business Financial Services, Inc. (NASDAQ:FBIZ) announced its
board of directors has declared a quarterly cash dividend on its
common stock of $0.11 per share. The 2015 annualized dividend
amount is $0.44 per share which is equivalent to a dividend yield
of 1.71% based on yesterday’s market close price of $25.36. The
quarterly dividend at this amount is the same as the quarterly
dividend declared in January, May and August, 2015 on a post-split
basis. This regular cash dividend is payable on November 23, 2015
to shareholders of record at the close of business on November 12,
2015.
Corey Chambas, President & CEO, stated, “The payment of
regular cash dividends remains a priority for First Business as we
maintain our commitment to provide a consistent return to our
shareholders while retaining sufficient capital to meet the needs
of our strategic growth objectives. We believe our previously
announced record quarterly performance validates the successful
execution of these growth objectives and builds upon the earnings
momentum introduced with the acquisition of Alterra Bank.”
About First Business Financial Services,
Inc.First Business Financial Services, Inc. (NASDAQ:FBIZ)
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. (the “Company”) 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 2014 annual
report on Form 10-K, quarterly reports on Form 10-Q and other
filings with the Securities and Exchange Commission.
The First Business Financial Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=25434
Contact:
James F. Ropella
Senior Vice President and CFO
First Business Financial Services, Inc.
608-232-5970
jropella@firstbusiness.com
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