Community Trust Bancorp (CTBI) has announced a cash dividend of $0.470 per share, with the ex-dividend date set for Jun 13, 2025, and the dividend payment date on Jul 1, 2025. The dividend announcement was made on Apr 22, 2025. This amount reflects a significant increase compared to the company's average dividend per share of $0.282. Previously, the company declared a cash dividend of $0.470 per share on Apr 1, 2025.
Recently,
has been recognized as a top dividend stock, with insider buying activity and a yield of 3.62%. This recognition highlights the company's strong performance and attractiveness to investors. Over the past week, Director Franky Minnifield acquired 2,000 shares of the company, signaling confidence in its future prospects. Meanwhile, the stock experienced a slight decline of 0.2%, trading at $50.76 on the NASDAQ as of a recent Thursday. Despite this minor dip, Community Trust Bancorp remains a solid player in the banking sector, with assets totaling $6.3 billion and equity amounting to $784.2 million. These figures underscore the company's robust financial health and potential for growth. Recently, it was reported that Two Sigma Investments LP reduced its position in the company by 19.9% in the fourth quarter, a development that may influence market perceptions of Community Trust Bancorp’s stock.
In conclusion, Community Trust Bancorp continues to demonstrate its strength in the financial sector with its consistent dividend payouts and solid financial foundation. As the ex-dividend date of Jun 13, 2025 approaches, investors are reminded that this date represents the last opportunity to purchase the company's stock and receive the upcoming dividend. Any acquisitions made after the ex-dividend date will not qualify for the current dividend distribution.
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