MADISON, Wisconsin – (COMMERCIAL THREAD) – First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common shares of $ 0.18 per share, which equates to a dividend yield of 2.52% based on Thursday’s closing market price of $ 28.59. The quarterly dividend is the same as the quarterly dividend declared in July 2021 and, based on our third quarter 2021 earnings per share, represents a payout ratio of 16.8%. This regular cash dividend is payable on November 18, 2021 to shareholders of record at the close of business on November 8, 2021.
About First Business Financial Services, Inc.
First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in business banking services, including commercial banking and specialist lending, private wealth management and banking advisory services, and through its refined focus, it offers expertise, accessibility and unparalleled responsiveness. Specialty loan solutions are provided through First Business Specialty Finance, LLC, a wholly owned subsidiary of First Business Bank. For more information, visit firstbusiness.bank.
This press release includes “forward-looking” statements relating to First Business Financial Services, Inc. which can generally be identified as describing the future plans, objectives or goals of the Company. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently expected. These forward-looking statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For more information on factors that could affect the Company’s future results, please see the Company’s 2020 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other documents filed with the Securities and Exchange Commission.