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Three Bank Stocks Raise Dividends Amid Strong Sector Performance
Unity Bancorp, Stock Yards Bancorp, and Chemung Financial announced dividend increases last week, reflecting confidence in their earnings and capital strength. Unity Bancorp raised its quarterly dividend by 6.3% to 17 cents per share, Stock Yards Bancorp increased its payout by 3.1% to 33 cents, and Chemung Financial boosted its dividend by 5.9% to 36 cents. The announcements come as the KBW Nasdaq Bank Index has gained nearly 16% so far in 2026, supported by healthy loan demand and strong fee income. Each company has a history of consistent dividend growth, with Unity Bancorp raising its dividend seven times in the past five years at an annualized rate of 11.2%.
CHMG · Capital · Positive Chemung Financial raised its quarterly dividend by 5.9% to 36 cents, reflecting confidence in earnings and capital strength.
SYBT · Capital · Positive Stock Yards Bancorp increased its dividend by 3.1% to 33 cents, indicating strong earnings and capital position.
UNTY · Capital · Positive Unity Bancorp raised its quarterly dividend by 6.3% to 17 cents, with a history of consistent dividend growth.