By Adam L. Cataldo
German American Bancorp raised its quarterly dividend by 7.4%.
The bank's board of directors increased the dividend to 29 cents from 27 cents, the company said Monday. The new payout totals $1.16 per share on an annual basis. That is equivalent to yield of 2.9% based on German American's latest closing price of $39.94.
The dividend will be payable on Feb. 20 to shareholders of record on Feb. 10.
German American, a financial holding company based in Indiana, through its subsidiary German American Bank operates 74 banking offices in 34 counties across the state and in Kentucky, the company said.
Write to Adam Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
January 27, 2025 18:33 ET (23:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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