Stock Yards Bancorp Raises Dividend, Extends 16-Year Growth Streak

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) increased its quarterly dividend to $0.33 per share from $0.32, a 3.13% rise. The shares traded ex-dividend on Sept. 21, 2026.

At the new rate, the Louisville, Kentucky-based bank holding company’s annualized dividend is $1.32 per share. That represents a forward yield of 1.66% based on a share price of $78.81.

The increase extends Stock Yards Bancorp’s dividend-growth streak to 16 consecutive years. SmarterDividends assigns the payout a dividend-safety score of 98 out of 100 and an A grade.

Operating backdrop

Stock Yards Bancorp is the parent of Stock Yards Bank & Trust Company. Its banking footprint covers Kentucky as well as the Indianapolis and Cincinnati metropolitan markets, according to the company’s latest quarterly filing with the Securities and Exchange Commission. The company was incorporated in Kentucky in 1988. Stock Yards Bancorp’s second-quarter Form 10-Q

The dividend increase follows a period of business expansion. Stock Yards completed its acquisition of Field & Main Bancorp in May, adding operations in western Kentucky and southern Indiana. Field & Main was merged into Stock Yards Bank & Trust Company. Company announcement filed with the SEC

In its most recent earnings update, management said second-quarter performance benefited from net interest margin expansion, strong credit-quality measures and record non-interest income. The company also said the Field & Main acquisition contributed to the quarter’s results. Those operating developments provide context for the higher payout, although the dividend action itself does not establish that any single factor drove the board’s decision. Stock Yards Bancorp second-quarter earnings release

What it means for income investors

For shareholders, the change adds $0.01 per share to each quarterly payment and $0.04 per share on an annualized basis. The 1.66% forward yield remains modest relative to many income-focused equities, but the increase preserves Stock Yards Bancorp’s multiyear record of dividend growth. As with any bank dividend, future payments remain subject to board approval and the company’s earnings, capital and regulatory position.