S.Y. Bancorp Inc. has increased its regular quarterly cash dividend to 14 cents per share from 13 cents per share. The dividend will be paid April 3 to shareholders of record as of March 17, according to a news release.
The company also has extended its stock repurchase plan to February 2007. S.Y. Bancorp’s most recent stock buy-back plan authorized the repurchase of up to 550,000 shares. It has repurchased about 186,000 shares at an average cost of $23.31 per share.
Louisville-based S.Y. Bancorp (NASDAQ: SYBT) is the holding company for Stock Yards Bank & Trust Co, which operates more than 20 branches in Louisville and Southern Indiana and one branch in Indianapolis.
Source: http://www.bizjournals.com/louisville/stories/2006/02/20/daily12.html
