Republic Bancorp, Inc. Increases its Common Stock Cash Dividends for the 18th Consecutive Year
May 17 2017 - 3:00PM
Business Wire
Republic Bancorp, Inc. (“Republic”) (NASDAQ: RBCAA), parent
company of Republic Bank & Trust Company, today announced a 5%
increase in the Company’s second quarter cash dividends. The
quarterly cash dividend of $0.22 per share of Class A Common Stock
and $0.20 per share on Class B Common Stock will be payable July
21, 2017 to shareholders of record as of June 16, 2017. The
increased cash dividend results in an annualized dividend yield for
the Class A Common stock of 2.49% based upon the stock’s closing
price on May 16, 2017.
“On the heels of another successful quarter that reflected a 13%
year-over-year growth in earnings, it is a pleasure to again reward
our loyal shareholders with this 18th consecutive annual increase
in our Company’s quarterly cash dividend. We continue to prudently
execute our strategic initiatives to position Republic to be one of
the highest performing banks in the United States, and we are
excited to share our success with our shareholders through a higher
dividend,” commented Steve Trager, Chairman and CEO for
Republic.
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 45 full-service banking centers and one loan production office
throughout five states: 33 banking centers in 12 Kentucky
communities - Covington, Crestwood, Elizabethtown, Florence,
Frankfort, Georgetown, Independence, Lexington, Louisville,
Owensboro, Shelbyville and Shepherdsville; three banking centers in
southern Indiana – Floyds Knobs, Jeffersonville and New Albany; six
banking centers in five Florida communities – Largo, Port Richey,
St. Petersburg, Seminole, Temple Terrace; two banking centers in
Tennessee – Cool Springs (Franklin) and Green Hills (Nashville) and
one loan production office in Brentwood (Nashville); and one
banking center in Norwood (Cincinnati), Ohio. The Bank offers
internet banking at www.republicbank.com. The Bank also offers
separately-branded, nation-wide digital banking at
www.mymemorybank.com. The Company has $4.7 billion in assets and is
headquartered in Louisville, Kentucky. The Company’s Class A Common
Stock is listed under the symbol “RBCAA” on the NASDAQ Global
Select Market.
Republic Bank. It’s just easier here®.
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version on businesswire.com: http://www.businesswire.com/news/home/20170517005755/en/
Republic Bancorp, Inc.Steve Trager, 502-584-3600Chairman and
CEO
Republic Bancorp (NASDAQ:RBCAA)
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