Republic Bancorp, Inc. Increases its Common Stock Cash Dividends Paid for the 26th Consecutive Year
24 Gennaio 2024 - 10:00PM
Business Wire
Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of
Republic Bank & Trust Company, today announced a 9% increase in
the Company’s quarterly cash dividends. The quarterly cash dividend
of $0.407 per share of Class A Common Stock and $0.37 per share on
Class B Common Stock will be payable April 19, 2024, to
shareholders of record as of March 15, 2024. The increased cash
dividend results in an annualized dividend yield for the Class A
Common stock of 3.20% based upon the stock’s closing price on
January 23, 2024.
“We are excited to announce an increase in our quarterly cash
dividends for the 26th consecutive year. We are extremely proud of
our on-going success and delighted that we can once again share in
this success with our shareholders through an increased dividend,”
commented Logan Pichel, CEO for Republic Bank.
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 47 banking centers in communities within five metropolitan
statistical areas (“MSAs”) across five states: 22 banking centers
located within the Louisville MSA in Louisville, Prospect,
Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs,
Jeffersonville, and New Albany in Indiana; six banking centers
within the Lexington MSA in Georgetown and Lexington in Kentucky;
eight banking centers within the Cincinnati MSA in Cincinnati and
West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and
Florence in Kentucky; seven banking centers within the Tampa MSA in
Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in
Florida; and four banking centers within the Nashville MSA in
Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In
addition, Republic Bank Finance has one loan production office in
St. Louis, Missouri. The Bank offers internet banking at
www.republicbank.com. As of December 31, 2023, the Company had
approximately $6.6 billion in assets and is headquartered in
Louisville, Kentucky. The Company’s Class A Common Stock is listed
under the symbol “RBCAA” on the NASDAQ Global Select Market.
Republic Bank. It’s just easier here. ®
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