Republic Bancorp, Inc. KY (NASDAQ:RBCAA) declared a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Stockholders of record on Friday, December 21st will be paid a dividend of 0.242 per share by the bank on Friday, January 18th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, December 20th.

Republic Bancorp, Inc. KY has increased its dividend by an average of 5.7% per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Republic Bancorp, Inc. KY has a payout ratio of 31.2% meaning its dividend is sufficiently covered by earnings.

Shares of RBCAA stock traded up $1.40 during trading hours on Friday, reaching $41.82. 23,138 shares of the company’s stock were exchanged, compared to its average volume of 13,304. The company has a market cap of $844.90 million, a price-to-earnings ratio of 12.87 and a beta of 0.41. Republic Bancorp, Inc. KY has a 1 year low of $34.24 and a 1 year high of $50.70. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.12.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its earnings results on Friday, October 19th. The bank reported $0.74 earnings per share (EPS) for the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.02% and a net margin of 20.86%. The business had revenue of $64.50 million during the quarter.

Separately, BidaskClub downgraded Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research note on Friday, October 26th.

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Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

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Dividend History for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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