Republic Bancorp, Inc. Announces Increase in its Quarterly Cash Dividends on Class A and Class B Common Stock, Payable on April 16, 2021
January 27, 2021 at 03:00 pm EST
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Republic Bancorp, Inc. ('Republic') announced an 8% increase in the Company’s quarterly cash dividends. The quarterly cash dividend of $0.308 per share of Class A Common Stock and $0.28 per share on Class B Common Stock will be payable on April 16, 2021 to shareholders of record as of March 19, 2021. The increased cash dividend results in an annualized dividend yield for the Class A Common stock of 3.26% based upon the stock’s closing price on January 26, 2021.
Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers.
REPUBLIC BANCORP, INC. 
