First Busey Corporation (NASDAQ:BUSE) Announces Quarterly Dividend of $0.26
by Teresa Graham · The Cerbat GemFirst Busey Corporation (NASDAQ:BUSE – Get Free Report) announced a quarterly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be given a dividend of 0.26 per share by the bank on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, April 24th.
First Busey has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. First Busey has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Busey to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 36.9%.
First Busey Stock Performance
First Busey stock traded down $0.17 during mid-day trading on Wednesday, reaching $26.64. 179,293 shares of the company were exchanged, compared to its average volume of 632,617. First Busey has a twelve month low of $19.42 and a twelve month high of $27.65. The firm’s 50-day simple moving average is $25.72 and its two-hundred day simple moving average is $24.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.28 billion, a PE ratio of 20.65 and a beta of 0.72.
First Busey (NASDAQ:BUSE – Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. First Busey had a return on equity of 9.46% and a net margin of 12.96%.The company had revenue of $201.78 million during the quarter, compared to analysts’ expectations of $197.70 million. Equities analysts predict that First Busey will post 2.61 earnings per share for the current fiscal year.
About First Busey
First Busey (NASDAQ: BUSE) is a bank holding company headquartered in Champaign, Illinois, with roots tracing back to the founding of Busey Bank in 1868. As a regional financial institution, it offers a broad spectrum of banking services to individuals, small businesses, and corporations. Its core activities include commercial lending, deposit-taking, and cash management, which are tailored to meet the needs of local communities across its operating footprint.
In addition to traditional banking operations, First Busey provides wealth management and trust services through its subsidiary aimed at high-net-worth clients and fiduciary accounts.