Stock Yards Bancorp, Inc. (SYBT) announced a quarterly cash dividend of 31 cents per share. This reflects a 3.3% hike from the prior payout. The dividend will be paid out on Oct 1, 2024, to shareholders of record as of Sep 16.Markedly, with this announcement, Stock Yards Bancorp has increased its quarterly dividend 17 times since 2011, reflecting a cumulative hike of 158% over the period.Currently, SYBT’s payout ratio is 34% of earnings. This indicates that it retains adequate earnings for reinvestment and ...