First Busey Corporation (NASDAQ:BUSE) Shareholders to Get $0.26 Quarterly Dividend

First Busey Corporation (NASDAQ:BUSE – Get Free Report) announced a quarterly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $0.26 per share by the bank on Friday, October 30th. This represents a $1.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, October 23rd.

First Busey has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Busey to earn $2.74 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 38.0%.

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First Busey Stock Down 0.4%

BUSE stock traded down $0.12 during trading on Wednesday, hitting $29.00. 326,994 shares of the company’s stock were exchanged, compared to its average volume of 707,631. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 11.99 and a beta of 0.75. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. First Busey has a 52-week low of $22.00 and a 52-week high of $31.70. The business has a 50-day moving average price of $30.19 and a two-hundred day moving average price of $28.64.

First Busey (NASDAQ:BUSE – Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $194.27 million for the quarter, compared to the consensus estimate of $197.59 million. First Busey had a net margin of 21.00% and a return on equity of 10.48%. As a group, equities research analysts expect that First Busey will post 2.68 EPS for the current year.

First Busey Company Profile

(Get Free Report)

First Busey Corporation is a financial holding company headquartered in Champaign, Illinois. Its principal subsidiary, Busey Bank, provides banking and financial services to individuals, families, businesses, institutions and municipalities.

Busey Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, treasury management, trust services and other financial solutions. Through Busey Wealth Management, the company also provides investment management, financial planning, private banking and fiduciary services.

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