Nicolet Bankshares Raises Dividend 12%

Dow Jones05-21

By Ben Glickman

Nicolet Bankshares raised its quarterly dividend by 12%, the first time it has ever raised its payout after initiating a dividend a year ago.

The Green Bay, Wis.-based community bank on Monday declared a dividend of 28 cents a share, up from its prior payout of 25 cents a share.

The new dividend, equal to $1.12 a year, represents an annual yield of about 1.4% based on the Monday closing price of $82.56.

The company declared an initial dividend of 25 cents in May 2023.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

May 20, 2024 19:26 ET (23:26 GMT)

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