LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bancorp, Inc. (“Republic”) (NASDAQ: RBCAA), parent company of
Republic Bank & Trust Company, today announced a 6% increase in the
Company’s second quarter cash dividends. The cash dividend of $0.198 per
share of Class A Common Stock and $0.18 per share on Class B Common
Stock will be payable July 17, 2015 to shareholders of record as of June
19, 2015. The increased cash dividend results in an annualized dividend
yield for the Class A Common stock of 3.28% based upon the closing price
on May 19, 2015.
“Today marks 16 years of consecutive dividend increases on Republic’s
Common Stock. I am thrilled that our tremendous success over these years
has allowed us to provide increasing returns to our valued shareholders.
With great optimism, we look forward to the road ahead and our ability
to continue to increase our shareholders’ long-term returns far into the
future,” 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 40 banking centers: 32 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; two banking centers in Florida –
Port Richey and Temple Terrace; two banking centers in Tennessee – Cool
Springs (Franklin) and Green Hills (Nashville); and one banking center
in Blue Ash (Cincinnati), Ohio. The Bank offers internet banking at www.republicbank.com.
The Company has $4.0 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 SM.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150520005958/en/
Republic Bancorp, Inc.
Steve Trager, 502-584-3600
Chairman and
CEO
Source: Republic Bancorp, Inc.