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Stock Yards Bancorp declares 3-for-2 stock split

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Stock Yards Bancorp declares 3-for-2 stock split

The board of Louisville, Ky.-based Stock Yards Bancorp Inc. declared a 3-for-2 common stocksplit, payable in the form of a 50% stock dividend.

According to a news release the dividend will be distributedMay 27 to shareholders of record as of May 13. The company said thatbased on its quarterly cash dividend of 25 cents per share, the post-split ratewill be 17 cents per share.

"We believe this stock split will place the market priceof the Company's common stock in a more attractive range for investors and, by increasingthe number of shares available for sale to the public, we also expect this actionwill help increase the liquidity of the Company's common stock," Stock YardsChairman and CEO David Heintzman said in a statement.