Calvin B. Taylor Bankshares increases its quarterly payout to $0.41, marking a 7.9% rise from the previous $0.38 dividend.
Calvin B. Taylor Bankshares (TYCB) announced a 7.9% increase in its quarterly dividend to $0.41 per share, up from $0.38. The move reflects the bank’s confidence in sustained earnings growth and capital position.
The prior dividend stood at $0.38, with the new payout yielding 2.44% on a forward basis. The dividend is payable on August 6 to shareholders of record as of July 27, with an ex-dividend date set for the same day.
The adjustment follows a pattern of gradual dividend growth, aligning with the bank’s long-term shareholder return strategy.