Republic Bancorp increases its common stock cash dividends.
BANKING AND CREDIT NEWS-January 29, 2018-Republic Bancorp increases its common stock cash dividends
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Republic Bancorp, Inc. ("Republic") (NASDAQ: RBCAA), parent company of Republic Bank & Trust company, has announced a 10% increase in the company's quarterly cash dividends, the company said.
The quarterly cash dividend of USD 0.242 per share of Class A Common Stock and USD 0.22 per share on Class B Common Stock will be payable April 20, 2018 to shareholders of record as of March 16, 2018. The increased cash dividend results in an annualized dividend yield for the Class A Common stock of 2.44% based upon the stock's closing price on January 23, 2018.
Republic Bancorp is the parent company of Republic Bank & Trust Company, which currently has 44 full-service banking centers and one loan production office throughout five states: 32 banking centers in 11 Kentucky communities.
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