Market Overview

Community Trust Bancorp, Inc. Increases Its Cash Dividend


On July 24, 2018, the Board of Directors of Community Trust Bancorp,
Inc. (NASDAQ:CTBI) increased its quarterly cash dividend to $0.36 per
share beginning with the October 1, 2018 payment to shareholders of
record on September 15, 2018. This represents an increase of 9.09% in
the quarterly cash dividend. The Board was pleased to include in the
increase a one-time adjustment to recognize and share the tax benefit
from the 2017 Tax Cut and Jobs Act. "We are pleased to have increased
the cash dividend to our shareholders for the 38th consecutive year,"
said Jean R. Hale, Chairman, President and CEO.

Community Trust Bancorp, Inc., with assets of $4.2 billion, is
headquartered in Pikeville, Kentucky and has 70 banking locations across
eastern, northeastern, central, and south central Kentucky, six banking
locations in southern West Virginia, four banking locations in
northeastern Tennessee, four trust offices across Kentucky, and one
trust office in Tennessee.

View Comments and Join the Discussion!