First Busey Corporation (NASDAQ:BUSE) Declares Quarterly Dividend of $0.25

Key Points

• First Busey Corporation declared a quarterly dividend of $0.25 per share, with an ex-dividend date set for Friday, October 24th.
• The company has a dividend payout ratio of 36.6%, indicating that its dividend payments are well-covered by earnings.
• Shares of First Busey traded down 1.5% to $23.38, with a market cap of approximately $2.08 billion.

First Busey Corporation (NASDAQ:BUSE - Get Free Report) declared a quarterly dividend on Tuesday, October 14th. Investors of record on Friday, October 24th will be given a dividend of 0.25 per share by the bank on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 24th.

First Busey has a dividend payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings. Analysts expect First Busey to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 35.5%.

First Busey Trading Down 1.5%

Shares of NASDAQ:BUSE traded down $0.37 during midday trading on Wednesday, reaching $23.38. The company had a trading volume of 145,191 shares, compared to its average volume of 518,846. First Busey has a 1-year low of $18.40 and a 1-year high of $28.30. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 20.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day simple moving average of $23.82 and a two-hundred day simple moving average of $22.73.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its quarterly earnings data on Friday, May 20th. The bank reported $0.69 earnings per share for the quarter. The business had revenue of $63.34 million for the quarter. First Busey had a return on equity of 8.76% and a net margin of 9.48%. Research analysts predict that First Busey will post 2.61 earnings per share for the current year.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.

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