First Busey hikes dividend by 4.2%
First Busey Corporation (BUSE) will raise its quarterly dividend by 4.2% to $0.25 per share. This is the first dividend hike in two years by BUSE. The dividend yield is 4.5%.
On January 14, 2025, the Board of Directors of First Busey Corporation ("Busey") declared a quarterly cash dividend of $0.25 per share on Busey's common stock, which represents a 4.2% increase from the previous quarterly dividend of $0.24 per share. The dividend will be paid on January 31, 2025, to stockholders of record as of January 24, 2025.
In 2023 First Busey last announced a dividend hike with a 4.3% increase to $0.24 quarterly per share. The company now pays an estimated $1.3 billion in dividends to shareholders annually. At a stock price of $22.54 the dividend yield is 4.5%.
First Busey Corporation is a bank holding company operating through its subsidiary, Busey Bank. It has three segments: Banking, FirsTech, and Wealth Management. The Banking segment serves customers through branches in Illinois, St. Louis, Missouri, southwest Florida, and Indianapolis, Indiana. FirsTech focuses on payment technology solutions such as online and mobile payments, lockbox remittance processing, and walk-in payments. Wealth Management offers asset management, investment, fiduciary, and tax preparation services for individuals and businesses.
