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 quarterly cash dividend of
$0.209 per share of Class A Common Stock and $0.19 per share on Class B
Common Stock will be payable July 15, 2016 to shareholders of record as
of June 17, 2016. The increased cash dividend results in an annualized
dividend yield for the Class A Common stock of 3.16% based upon the
stock’s closing price on May 17, 2016.
“The increase in our dividend demonstrates our continued confidence in
executing our business plan and reflects our ongoing commitment to
prudent utilization of our capital, while delivering long-term value to
our loyal shareholders. I am pleased that our solid financial
performance and strong capital position has allowed us to increase our
dividend for the 17th consecutive year,” 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 44 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; six banking centers in five
Florida communities – Largo, Port Richey, Seminole, St. Petersburg 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 $4.4 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. ®
View source version on businesswire.com: http://www.businesswire.com/news/home/20160518005725/en/
Republic Bancorp, Inc.
Steve Trager, 502-584-3600
Chairman and
CEO
Source: Republic Bancorp, Inc.