First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.18 per share which is equivalent to a dividend yield of 2.86% based on Thursday’s market close price of $25.16. The quarterly dividend is the same as the quarterly dividend declared in January 2021, and, based on our first quarter 2021 earnings per share, represents a dividend payout ratio of 16%. This regular cash dividend is payable on May 24, 2021 to shareholders of record at the close of business on May 10, 2021.
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