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 2.24% based on Thursday’s market close price of $35.29. The quarterly dividend is the same as the quarterly dividend declared in July 2022, and based on third quarter 2022 earnings per share, represents a dividend payout ratio of 16%. This regular cash dividend is payable on November 17, 2022 to shareholders of record at the close of business on November 7, 2022. The board of directors also declared a dividend on the Company’s 7% Series A Preferred Stock of $17.50 per share, payable on December 15, 2022, to shareholders of record on November 30, 2022.
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