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In a recent press release, Community Trust Bancorp, Inc. announced that the Board of Directors has approved an increase in its quarterly cash dividend to $0.47 per share, marking the 44th consecutive year of dividend growth for the company. This decision reflects a 2.2% increase in the quarterly cash dividend, demonstrating the company's commitment to providing value to its shareholders.
This news comes as Community Trust Bancorp Inc's 12 Months dividend payout ratio showed a sequential increase to 42.22 in the first quarter of 2024, although it still remained below the industry average. When compared to its peers in the Financial sector, it is evident that there are 237 companies with a higher 12 Months dividend payout ratio.
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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.
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