03:59 AM EDT, 07/12/2024 (MT Newswires) -- FS Bancorp ( FSBW ) said late Thursday it increased the company's quarterly cash dividend by 3.8% to $0.27 per share.

The dividend will be paid Aug. 21 to shareholders of record on Aug. 7.

The company's board also authorized an additional buyback plan of up to $5 million of its common shares.

Repurchases can be made in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards from time to time over a 12-month period until July 31, 2025, the company said.