Republic Bancorp, Inc. Increases Its Common Stock Cash Dividends; $0.407 Per Share Of Class A Common Stock And $0.37 Per Share On Class B Common Stock
Portfolio Pulse from Benzinga Newsdesk
Republic Bancorp, Inc. (NASDAQ:RBCAA) has announced a 9% increase in its quarterly cash dividends for Class A and Class B common stock. The dividends are payable on April 19, 2024, to shareholders of record as of March 15, 2024. The dividend for Class A is $0.407 per share, resulting in an annualized yield of 3.20% based on the closing price on January 23, 2024. This marks the 26th consecutive year of dividend increases.
January 24, 2024 | 9:20 pm
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Republic Bancorp, Inc. has raised its quarterly cash dividends by 9%, continuing a 26-year streak of dividend increases. The new dividend rates are $0.407 for Class A and $0.37 for Class B shares.
The increase in dividends is typically viewed positively by investors as it signals financial health and a commitment to shareholder returns. Given the history of consistent dividend growth, this news is likely to reinforce investor confidence in RBCAA, potentially leading to a short-term uptick in stock price.
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