First Business Financial Services, Inc. (the “Company,” the “Bank,” or “First Business Bank”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.1975 per share which is equivalent to a dividend yield of 2.30% based on Thursday’s market close price of $34.33. The quarterly dividend is the same as the quarterly dividend declared in January 2022, and based on first quarter 2022 earnings per share, represents a dividend payout ratio of 19.4%. This regular cash dividend is payable on May 19, 2022 to shareholders of record at the close of business on May 9, 2022. The Board of Directors also declared the initial dividend of the Company’s $12.5 million, 7% Series A Preferred Stock, payable June 15, 2022, to shareholders of record on June 1, 2022.
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