Republic Bancorp, Inc. Declares Common Stock Dividends

Rhea-AI Summary

Republic Bancorp, Inc. (NASDAQ: RBCAA) has announced a cash dividend of $0.308 per share for Class A Common Stock and $0.28 for Class B Common Stock. This dividend will be payable on July 16, 2021 to shareholders on record as of June 18, 2021. With $6.5 billion in assets, Republic Bank operates 42 full-service banking centers across five states including Kentucky, Indiana, Florida, Tennessee, and Ohio, showcasing its expansive footprint in the banking sector.

Positive

• Announced a dividend of $0.308 per Class A and $0.28 per Class B, indicating strong cash flow.
• Company's asset base of $6.5 billion demonstrates stability.

Negative

• None.

Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.308 per share on Class A Common Stock and $0.28 per share on Class B Common Stock, payable July 16, 2021 to shareholders of record as of June 18, 2021.

Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 full-service banking centers throughout five states: 28 banking centers in 8 Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at www.republicbank.com. The Company has $6.5 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.

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FAQ

What is the dividend amount for Republic Bancorp, Inc. (RBCAA)?

Republic Bancorp, Inc. declared a dividend of $0.308 per share for Class A and $0.28 for Class B.

When is the dividend payment date for RBCAA?

The dividend is payable on July 16, 2021, to shareholders of record as of June 18, 2021.

How does the dividend reflect on RBCAA's financial health?

The announced dividends indicate strong cash flow and commitment to returning value to shareholders.

How many banking centers does Republic Bank operate?

Republic Bank operates 42 full-service banking centers across five states.