UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
 EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported):  May 20, 2014

STOCK YARDS BANCORP, INC.
(Exact name of registrant as specified in its charter)

Kentucky

1-13661

61-1137529

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

 

(I.R.S. Employer

Identification No.)


1040 East Main Street, Louisville, Kentucky, 40206

(Address of principal executive offices)


(502) 582-2571
(Registrant’s telephone number, including area code)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01.

OTHER EVENTS.

On May 20, 2014, the Board of Directors of Stock Yards Bancorp, Inc. voted to increase the Company's quarterly cash dividend rate 5% to $0.22 per common share. The new rate will go into effect with the next payment on July 1, 2014, to stockholders of record as of June 9, 2014. On May 21, 2014, Stock Yards Bancorp, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference, announcing the dividend increase.

 
The information in this Form 8-K and the attached Exhibits shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.


ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS.

D.

Exhibits

 

99.1

Press Release dated May 21, 2014



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Date:

May 21, 2014

STOCK YARDS BANCORP, INC.

 

 

 

By:

/s/ Nancy B. Davis

Nancy B. Davis, Executive Vice

President, Treasurer and Chief

Financial Officer



Exhibit 99.1

Stock Yards Bancorp Raises Its Quarterly Cash Dividend 5% to $0.22 Per Share, Representing the Fifth Increase in the Past Four Years

LOUISVILLE, Ky.--(BUSINESS WIRE)--May 21, 2014--Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has voted to increase the Company's quarterly cash dividend 5% to $0.22 per common share. The new rate will go into effect with the next payment on July 1, 2014, to stockholders of record as of June 9, 2014.

Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "We are pleased to again raise our quarterly dividend to stockholders, which marks the fifth increase in the past four years and represents a cumulative increase in our dividend payments of more than 29% since mid-2010. Considering our ongoing goal to maximize returns for our stockholders, we are gratified that our strong financial performance has positioned us to steadily raise our dividend rate, enabling our stockholders to participate directly in the Company's growth. In fact, because of the Company's strong capital position and earnings growth, Stock Yards Bancorp has never reduced or suspended dividend payments since cash dividend payments were first initiated."

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $2.35 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company's common shares trade on the NASDAQ Global Select Market under the symbol SYBT.

CONTACT:
Stock Yards Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President, Treasurer and Chief Financial Officer

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