Community Trust Bancorp increases its quarterly payout to $0.65, marking a 22.6% rise from the previous $0.53 dividend.
Community Trust Bancorp announced a 22.6% increase in its quarterly dividend to $0.65 per share, up from $0.53. The new payout yields 3.34% on a forward basis.
The prior dividend stood at $0.53, with the last adjustment occurring in early 2023. The company’s dividend growth has averaged 5% annually over the past five years.
The dividend is payable October 1 to shareholders of record as of September 15, with an ex-dividend date set for September 15.