Red River Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Red River Bancshares, Inc. (Nasdaq: RRBI) declared a quarterly cash dividend of $0.07 per common share on February 25, 2021. This cash dividend is payable on March 25, 2021, to shareholders of record as of March 15, 2021. CEO Blake Chatelain expressed satisfaction with this increase, highlighting the company's commitment to returning value to shareholders. Red River Bancshares operates a network of 25 banking centers across Louisiana, offering a full suite of banking services tailored to both commercial and retail customers.

Positive

• Quarterly cash dividend increased to $0.07 per share, signaling company confidence.
• Dividend payment date set for March 25, 2021, enhancing shareholder value.

Negative

• None.

ALEXANDRIA, La., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on February 25, 2021, its board of directors declared a quarterly cash dividend in an amount equal to $0.07 per common share. The cash dividend is payable on March 25, 2021, to shareholders of record as of the close of business on March 15, 2021. Blake Chatelain, President and Chief Executive Officer of the Company, said, “We are pleased to increase our dividend to seven cents this quarter, as we continue to focus on returning value to our shareholders.”  

About Red River Bancshares, Inc.
The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 25 banking centers throughout Louisiana and one combined loan and deposit production office in Lafayette, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; and the Northshore, which includes Covington.

Contact:
Julia Callis
Vice President, Corporate Counsel & Investor Relations Officer
318-561-4042
julia.callis@redriverbank.net

FAQ

What is the dividend amount declared by RRBI in February 2021?

The dividend amount declared by RRBI is $0.07 per common share.

When will the RRBI dividend be paid?

The RRBI dividend will be paid on March 25, 2021.

What is the record date for the RRBI dividend?

The record date for the RRBI dividend is March 15, 2021.

How often does RRBI declare dividends?

RRBI typically declares dividends quarterly.