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Thriving with Robust Performance: Republic Bancorp Delivers Growing Profits to Investors

Author: Benzinga Insights | July 21, 2023 10:05am

At the end of today, July 21, 2023, Republic Bancorp (NASDAQ:RBCAA) will distribute a dividend payout of $0.37 per share, translating to an annualized dividend yield of 3.33%. Shareholders who held the stock before the ex-dividend date on September 14, 2023 will benefit from this payout.

Republic Bancorp Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-09-14 4 $0.37 3.33% 2023-07-19 2023-09-15 2023-10-20
2023-06-15 4 $0.37 3.79% 2023-05-17 2023-06-16 2023-07-21
2023-03-16 4 $0.37 3.5% 2023-01-27 2023-03-17 2023-04-21
2022-12-15 4 $0.34 3.05% 2022-11-16 2022-12-16 2023-01-20
2022-09-15 4 $0.34 2.75% 2022-07-20 2022-09-16 2022-10-21
2022-06-16 4 $0.34 3.12% 2022-05-18 2022-06-17 2022-07-15
2022-03-17 4 $0.34 2.73% 2022-01-26 2022-03-18 2022-04-15
2021-12-16 4 $0.31 2.22% 2021-11-17 2021-12-17 2022-01-21
2021-09-16 4 $0.31 2.64% 2021-07-21 2021-09-17 2021-10-15
2021-06-17 4 $0.31 2.74% 2021-05-19 2021-06-18 2021-07-16
2021-03-18 4 $0.31 3.26% 2021-01-27 2021-03-19 2021-04-16
2020-12-17 4 $0.29 3.05% 2020-11-18 2020-12-18 2021-01-15

Republic Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Eagle Bancorp (NASDAQ:EGBN) having the highest annualized dividend yield at 7.03%.

Analyzing Republic Bancorp Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.03 to $1.36. This signifies the company's commitment to consistently increasing shareholder dividends.

YoY Earnings Growth For Republic Bancorp

earning chart graph

From 2019 to 2022, Republic Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $3.93 to $4.43. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

This article delves into the recent dividend payout of Republic Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.37 per share, leading to an annualized dividend yield of 3.33%.

Republic Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Eagle Bancorp having the highest annualized dividend yield at 7.03%.

The increase in both dividend per share and earnings per share from 2019 to 2022 for Republic Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: EGBN RBCAA

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