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Stock Yards Bancorp (SYBT) will raise its quarterly dividend by eight percent to $0.18 per share, adjusted for the 3 for 2 stock split on May 31, 2016.

Louisville, Kentucky-based Stock Yards Bancorp, Inc. is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The company’s commercial banking segment provides a full range of loan and deposit products to individual consumers and businesses. The wealth management and trust segment provides investment management, trust and estate administration, and retirement plan services.