Republic Bancorp, Inc. (RBCAA) to Issue Quarterly Dividend of $0.50 on July 17th

Republic Bancorp, Inc. (NASDAQ:RBCAAGet Free Report) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.495 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, June 18th.

Republic Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 27 consecutive years. Republic Bancorp has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings.

Republic Bancorp Trading Down 2.8%

Shares of NASDAQ RBCAA opened at $85.21 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $1.67 billion, a P/E ratio of 13.15 and a beta of 0.58. Republic Bancorp has a 1-year low of $63.97 and a 1-year high of $88.78. The business has a fifty day moving average price of $77.87 and a 200 day moving average price of $73.23.

Republic Bancorp (NASDAQ:RBCAAGet Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.63. The company had revenue of $114.57 million for the quarter, compared to analyst estimates of $96.60 million. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.

About Republic Bancorp

(Get Free Report)

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.

See Also

Dividend History for Republic Bancorp (NASDAQ:RBCAA)

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