First Busey (NASDAQ:BUSE) Corporation (NASDAQ:BUSE), a financial institution headquartered in Illinois, announced today that its Board of Directors has approved a 4.2% increase in its quarterly cash dividend.
The new dividend of $0.25 per share is up from the prior dividend of $0.24 per share. This decision was made public through a recent 8-K filing with the Securities and Exchange Commission.
The dividend is scheduled to be paid on January 31, 2025, to shareholders of record as of January 24, 2025.
First Busey Corporation operates as a state commercial bank and is known for providing a range of banking services. The company's decision to raise its dividend is typically seen as a positive signal to the market, indicating a healthy financial position and a positive outlook for future earnings.
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