First Busey Corporation (BUSE) to Issue Quarterly Dividend of $0.26 on May 1st

First Busey Corporation (NASDAQ:BUSE) declared 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 is Friday, April 24th.

First Busey has increased its dividend 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 dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.8%

NASDAQ BUSE opened at $26.59 on Thursday. The stock has a market cap of $2.27 billion, a P/E ratio of 20.61 and a beta of 0.72. First Busey has a fifty-two week low of $19.42 and a fifty-two week high of $27.65. The stock has a 50 day simple moving average of $25.72 and a two-hundred day simple moving average of $24.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.

First Busey (NASDAQ:BUSE) last announced its earnings results on Tuesday, January 27th. The bank reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $201.78 million during the quarter, compared to the consensus estimate of $197.70 million. First Busey had a return on equity of 9.46% and a net margin of 12.96%. On average, analysts forecast that First Busey will post 2.61 earnings per share for the current year.

First Busey Company Profile

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.