St. Louis, MO.–Business Bancshares, Inc., parent holding company for The Business Bank of St. Louis, announced today that on January 16, 2018 its Board of Directors declared a cash dividend of $0.40 per common share, payable March 31, 2018, to holders of record as of March 9, 2018. The $0.40 per common share cash dividend represents a 14% increase over the 2017 dividend.
“Our 2018 dividend marks the third consecutive year of increased returns to our shareholders,” said Larry Kirby, President and CEO of Business Bancshares, Inc., “The dividend increase demonstrates confidence in our future and our continued commitment to provide a meaningful return to shareholders.”
Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its single location at 8000 Maryland Avenue in Clayton, Missouri.