LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bancorp, Inc. (“Republic”) (NASDAQ: RBCAA), parent company of
Republic Bank & Trust Company, today announced a 6% increase in the
Company’s second quarter cash dividends. The cash dividend of $0.187 per
share of Class A Common Stock and $0.17 per share on Class B Common
Stock will be payable July 18, 2014 to shareholders of record as of June
20, 2014. The increased cash dividend results in an annualized dividend
yield for the Class A Common stock of 3.21% based upon the closing price
on May 20, 2014.
“Today’s announcement reinforces our commitment to delivering value to
our shareholders. I am extremely proud that we have been able to grow
our cash dividend over 500 percent since the beginning of 2000 through
15 years of increases. We will continue to invest prudently in our
strategic initiatives to position Republic to drive growth and provide
higher returns for our shareholders,” commented Steve Trager, Chairman
and CEO for Republic.
Republic Bancorp, Inc. (“Republic”) is the parent company of Republic
Bank & Trust Company (the “Bank”). The Bank currently has 42 banking
centers: 33 banking centers in 12 Kentucky communities - Covington,
Crestwood, Elizabethtown, Florence, Frankfort, Georgetown, Independence,
Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville; three
banking centers in southern Indiana – Floyds Knobs, Jeffersonville and
New Albany; three banking centers in Florida – Hudson, Port Richey and
Temple Terrace; two banking centers in Tennessee – Cool Springs
(Franklin) and Green Hills (Nashville); and one banking center in Blue
Ash (Cincinnati), Ohio. The Bank offers internet banking at www.republicbank.com.
Republic has $3.5 billion in assets and is headquartered in Louisville,
Kentucky. Republic's Class A Common Stock is listed under the symbol
“RBCAA” on the NASDAQ Global Select Market.
Republic Bank. It’s just easier here SM
Republic Bancorp, Inc.
Steve Trager, 502-584-3600
Source: Republic Bancorp, Inc.