PIKEVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.30 per share beginning with the October 1, 2014 payment to shareholders of record on September 15, 2014. This represents an increase of 3.4% in the quarterly cash dividend. Community Trust Bancorp, Inc. has paid consecutive quarterly cash dividends since 1981, and 2014 marks the company's 34th consecutive annual dividend increase. Since 2004, Community Trust Bancorp, Inc. has returned approximately $200 million to shareholders in the form of dividends and share repurchases. The company expects to return $20.5 million to shareholders in the form of cash dividends in 2014, a 3.5% percent increase from 2013.
Community Trust Bancorp, Inc., with assets of $3.7 billion, is headquartered in Pikeville, Kentucky and has 71 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.