Farmers Capital Bank Corporation Announces Common Dividend
January 22 2018 - 8:00PM
Farmers Capital Bank Corporation (NASDAQ:FFKT) (the “Company”)
announced today that its Board of Directors (“Board”) approved a
quarterly cash dividend on the Company’s common stock of $0.125 per
share. The quarterly $0.125 per share dividend represents an
annualized yield of 1.23% based on the closing price of $40.55 on
January 19, 2018. The dividend is payable on April 2, 2018 to
shareholders of record at the close of business on March 1, 2018.
The Company currently has 7,517,807 shares outstanding.
The Company and its Board recognize the
importance of providing a stable and sustainable dividend
consistent with its commitment to shareholders. The Company will
monitor its dividend rate on an ongoing basis. Future dividends
will be a function of earnings, and the Company’s goal is to pay a
steady dividend while maintaining financial flexibility and a
strong capital base. As a part of our continuing analysis, all
options will be evaluated including debt retirement, share
buybacks, acquisitions and special dividends. However, we intend to
retain the majority of earnings for growth and other strategic
investments that will enhance shareholder value.
Farmers Capital Bank Corporation is a bank
holding company with one bank subsidiary, United Bank & Capital
Trust Company. The Company is headquartered in Frankfort, Kentucky
and operates 34 banking locations in 21 communities throughout
Central and Northern Kentucky, and an insurance company. Its stock
is publicly traded on the NASDAQ Stock Market LLC exchange in the
Global Select Market tier under the symbol: FFKT.
Contact:Lloyd C. Hillard, Jr.President and Chief
Executive Officer502-227-1668Lhillard@farmerscapital.com
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