Community Trust Bancorp, Inc.Increases Quarterly Cash Dividend for 44th Consecutive Year
In a recent press release on July 23, 2024, Community Trust Bancorp, Inc.announced that its Board of Directors has approved an increase in the quarterly cash dividend to $0.47 per share.This increase will take effect starting with the October 1, 2024 payment to shareholders of record on September 15, 2024.Mark A.Gooch, Chairman, President, and CEO of Community Trust Bancorp, Inc. expressed his pleasure in being able to continue the tradition of increasing cash dividends to shareholders for the 44th consecutive year.
Community Trust Bancorp, Inc. a publicly traded company listed on the NASDAQ under the ticker symbol CTBI, has a strong history of providing value to its shareholders through consistent dividend increases.With this latest 2.2% increase in the quarterly cash dividend, the company continues to demonstrate its commitment to rewarding shareholders for their investment in the company.
The decision to increase the cash dividend reflects the company’s strong financial performance and confidence in its future outlook.Community Trust Bancorp, Inc.has been able to navigate through various economic challenges and market fluctuations over the years, demonstrating resilience and stability in its operations.
Shareholders of Community Trust Bancorp, Inc.can expect to receive the increased quarterly cash dividend on October 1, 2024, pending their status as shareholders of record on September 15, 2024.This dividend increase not only provides a direct benefit to shareholders but also serves as a testament to the company’s dedication to creating long-term value for its investors.
The announcement of the 44th consecutive year of dividend increases by Community Trust Bancorp, Inc.is a positive development for shareholders and the broader financial community.As the company continues to grow and expand its operations, the commitment to rewarding shareholders through consistent dividend increases remains a key priority.
Overall, the increase in the quarterly cash dividend by Community Trust Bancorp, Inc.signifies a milestone achievement for the company and reinforces its position as a reliable and trustworthy investment option for shareholders.
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