Stock Yards Bancorp (SYBT) will raise its quarterly dividend by five percent to $0.21 per share in Q4 of 2017. The new dividend yield for SYBT is 2.2%.

The increased dividend will be paid on December 29, 2017 to shareholders of record on December 11, 2017.

Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "We are pleased to announce another substantial increase in our dividend rate as part of our efforts to steadily grow cash payments to stockholders, maximize returns for our investors and allow our stockholders to participate more directly in the Company's progress. This pattern of regular and reliable dividend growth has been made possible by the continued strong financial performance of the Company and its solid capital position. With today's announcement, Stock Yards Bancorp has now raised its quarterly dividend rate a total of 11 times since the beginning of 2012, including two increases during each of the past four years, resulting in a cumulative increase of 75% over a five-year period."

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.