Republic Bancorp, Inc. KY (NASDAQ:RBCAA) announced a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.264 per share by the bank on Friday, July 19th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, June 20th.

Republic Bancorp, Inc. KY has raised its dividend by an average of 7.1% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Republic Bancorp, Inc. KY has a dividend payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings.

Shares of RBCAA stock opened at $46.27 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.16 and a current ratio of 1.17. Republic Bancorp, Inc. KY has a fifty-two week low of $35.17 and a fifty-two week high of $50.70. The company has a market capitalization of $986.60 million, a PE ratio of 12.67 and a beta of 0.57.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.05. Republic Bancorp, Inc. KY had a return on equity of 11.35% and a net margin of 24.34%. The company had revenue of $99.72 million for the quarter.

Separately, BidaskClub upgraded Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a research report on Sunday, March 31st.

In related news, Director Mark A. Vogt acquired 3,500 shares of the stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $48.93 per share, for a total transaction of $171,255.00. Following the completion of the purchase, the director now owns 9,816 shares of the company’s stock, valued at $480,296.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony T. Powell sold 3,775 shares of Republic Bancorp, Inc. KY stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $49.00, for a total value of $184,975.00. Following the transaction, the executive vice president now owns 14,617 shares of the company’s stock, valued at approximately $716,233. The disclosure for this sale can be found here. Insiders own 52.00% of the company’s stock.

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About Republic Bancorp, Inc. KY

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through 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 deposit; and money market and individual retirement accounts.

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

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