Renasant Corp (RNST) to Issue Quarterly Dividend of $0.23 on March 31st

Renasant Corp (NYSE:RNST) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.23 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, March 17th.

Renasant has increased its dividend payment by an average of 0.0%per year over the last three years. Renasant has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings.

Renasant Price Performance

RNST stock traded down $0.37 during midday trading on Friday, reaching $35.70. The company had a trading volume of 667,567 shares, compared to its average volume of 739,844. Renasant has a 1-year low of $26.97 and a 1-year high of $42.11. The company’s 50 day simple moving average is $38.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $3.36 billion, a P/E ratio of 16.84 and a beta of 0.97.

Renasant (NYSE:RNST) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Renasant had a net margin of 12.55% and a return on equity of 7.53%. The firm had revenue of $278.52 million for the quarter, compared to the consensus estimate of $269.00 million.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.