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German American Bancorp ups dividend by 1 cent


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German American Bancorp ups dividend by 1 cent

German American Bancorp Inc.'s board declared a regular quarterly dividend of 19 cents per share, payable Feb. 20 to shareholders of record as of Feb. 10.

The dividend represents an increase of about 6% over the previous payout of 18 cents per share.

The Jasper, Ind.-based company reported net income of $10.1 million, or 66 cents per share, for the quarter ended Dec. 31, 2016, compared to $7.7 million, or 58 cents per share, for the year-ago period. Full-year 2016 net income was $35.2 million, or $2.36 per share, compared to 2015's $30.1 million, or $2.27 per share.