Stock Yards Bancorp, Inc and Commonwealth Bancshares, Inc
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Stock Yards Bancorp (SYBT) and Commonwealth Bancshares, Inc to Merge in Cash and Stock Deal
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Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.27 Per Common Share; Extends Stock Repurchase Plan LOUISVILLE, Ky., May 18, 2021 (GLOBE NEWSWIRE) Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 1, 2021, to stockholders of record as of June 21, 2021. Additionally, the Company announced that its Board of Directors extended the Company s stock repurchase plan s expiration date to May 2023. First implemented in May 2019, the stock repurchase plan authorized the repurchase of one million shares. To date, the Company has repurchased approximately 259,000 shares at an average cost of $35.41 per share. Stock repurch