Porter Bancorp, Inc. Declares Cash Dividend
LOUISVILLE, Ky. -- August 20, 2009
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced
today that its Board of Directors declared a cash dividend of $0.21 per share.
The dividend will be payable on October 1, 2009, to shareholders of record as
of September 15, 2009.
“Our Board of Directors remains focused on providing our shareholders with a
solid return through our cash dividend program,” stated Maria L. Bouvette,
President and CEO of Porter Bancorp, Inc. “Based on our recent stock price,
our current dividend yield is approximately 4.7%. We remain focused on
returning a portion of our earnings to shareholders while maintaining a strong
About Porter Bancorp, Inc.
Porter Bancorp, Inc., a bank holding company headquartered in Louisville,
Kentucky, had $1.7billion in assets as of June 30, 2009. Through
Porter’ssubsidiary PBI Bank, it operates 18full-service banking offices in
11 counties in Kentucky. Porter Bancorp’s common stock is traded on the Nasdaq
Global Market under the symbol “PBIB.”
Porter Bancorp, Inc.
Maria L. Bouvette, President and CEO, 502-499-4800
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