Community Trust Bancorp, Inc. (CTBI) to Issue Quarterly Dividend of $0.65 on October 1st

Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced a quarterly dividend on Sunday, July 19th. Investors of record on Tuesday, September 15th will be given a dividend of 0.65 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 22.6% increase from Community Trust Bancorp’s previous quarterly dividend of $0.53.

Community Trust Bancorp has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 44 consecutive years. Community Trust Bancorp has a payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Community Trust Bancorp to earn $6.50 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 40.0%.

Community Trust Bancorp Trading Up 0.4%

CTBI stock traded up $0.30 on Friday, hitting $77.67. 84,981 shares of the company were exchanged, compared to its average volume of 90,048. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.01 and a beta of 0.52. Community Trust Bancorp has a twelve month low of $50.25 and a twelve month high of $79.92. The business’s fifty day moving average is $76.38 and its two-hundred day moving average is $68.93.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.12. Community Trust Bancorp had a net margin of 25.55% and a return on equity of 12.52%. The company had revenue of $78.49 million for the quarter, compared to analyst estimates of $76.85 million. As a group, research analysts forecast that Community Trust Bancorp will post 6.41 earnings per share for the current year.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. Through its principal subsidiary, Community Trust Bank, the company provides banking and financial services to individuals, businesses, governmental entities and nonprofit organizations.

Its offerings include checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, credit cards, online and mobile banking, treasury management and other deposit services.