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Stock Yards Bancorp (SYBT) will raise its quarterly dividend by 9.5 percent to $0.23 per share in Q1 of 2018. The new dividend yield for SYBT is 2.3%. In 2017 the dividend was hiked by a total of 10.5 percent.

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.