Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Plans Quarterly Dividend of $0.29

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, May 20th, Zacks reports. Stockholders of record on Friday, June 19th will be paid a dividend of 0.286 per share by the bank on Friday, July 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, June 18th.

Republic Bancorp, Inc. KY has raised its dividend by an average of 9.6% annually over the last three years and has increased its dividend every year for the last 18 years. Republic Bancorp, Inc. KY has a payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings.

Shares of RBCAA stock traded down $0.61 during trading hours on Friday, reaching $30.23. 1,667 shares of the company were exchanged, compared to its average volume of 35,724. Republic Bancorp, Inc. KY has a fifty-two week low of $27.05 and a fifty-two week high of $52.68. The stock’s fifty day moving average is $31.02 and its two-hundred day moving average is $39.62. The company has a market cap of $645.66 million, a price-to-earnings ratio of 7.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.13.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Thursday, April 23rd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. Republic Bancorp, Inc. KY had a net margin of 25.06% and a return on equity of 10.71%. The company had revenue of $103.31 million for the quarter.

Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts.

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Dividend History for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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