CTBI increases cash dividend
On July 24, 2018, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) increased its quarterly dividend to 36 cents per share beginning with the Oct. 1, 2018, payment to shareholders of record on Sept. 15, 2018. This represents an increase of 9.09 percent in the quarterly cash dividend. The Board included in the increase a one-time adjustment to recognize and share the tax benefit from the 2017 Tax Cut and Jobs Act.
Community Trust Bancorp, Inc., with assets of $4.2 billion, is headquartered in Pikeville and has 70 banking locations across Kentucky, including two in Versailles, six banking locations in southern West Virginia, four banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.