RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Richmond Mutual Bancorporation (NASDAQ: RMBI) has announced a quarterly cash dividend of $0.14 per share on its common stock. The dividend will be payable on September 18, 2024 to stockholders of record at the close of business on September 4, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and may indicate confidence in its financial stability. The dividend declaration by the Board of Directors suggests a positive outlook for the company's near-term financial performance.

Positive

• Declared a cash dividend of $0.14 per share
• Maintaining regular dividend payments, indicating financial stability

Negative

• None.

News Market Reaction

+0.81%

1 alert

+0.81% News Effect

On the day this news was published, RMBI gained 0.81%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RICHMOND, Ind., Aug. 20, 2024 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.14 per share. The cash dividend will be payable on September 18, 2024 to stockholders of record as of the close of business on September 4, 2024.

About Richmond Mutual Bancorporation, Inc.

Richmond Mutual Bancorporation, Inc., headquartered in Richmond, Indiana, is the holding company for First Bank Richmond, a community-oriented financial institution offering traditional financial and trust services within its local communities through its eight locations in Richmond, Centerville, Cambridge City and Shelbyville, Indiana, its five locations in Sidney, Piqua and Troy, Ohio and its loan production office in Columbus, Ohio.

Forward-Looking Statements

Statements in this press release that are not historical facts may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements relate to Richmond Mutual Bancorporation, Inc.'s (the "Company") financial condition, results of operations, plans, objectives, future performance or business and ability to continue paying dividends. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words or phrases "may," "believe," "will," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "plans," "potential," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, but the absence of these words does not mean that a statement is not forward-looking. By their nature, forward-looking statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the future earnings and capital levels of First Bank Richmond, which could affect the ability of the Company to pay dividends in accordance with its dividend policies, general economic conditions as well as those within our industry, and numerous other factors identified in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the Securities and Exchange Commission – which are available at www.firstbankrichmond.com in the "Investor Relations" section and on the SEC's website at www.sec.gov.

The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

View original content:https://www.prnewswire.com/news-releases/richmond-mutual-bancorporation-inc-announces-quarterly-dividend-302226661.html

SOURCE Richmond Mutual Bancorporation, Inc.

FAQ

What is the dividend amount for Richmond Mutual Bancorporation (RMBI) in Q3 2024?

Richmond Mutual Bancorporation (RMBI) has declared a cash dividend of $0.14 per share for Q3 2024.

When is the dividend payment date for RMBI's Q3 2024 dividend?

The dividend payment date for RMBI's Q3 2024 dividend is September 18, 2024.

What is the record date for RMBI's latest dividend announcement?

The record date for RMBI's latest dividend announcement is September 4, 2024.

How often does Richmond Mutual Bancorporation (RMBI) pay dividends?

Based on this announcement, Richmond Mutual Bancorporation (RMBI) appears to pay dividends quarterly, though this should be confirmed with their dividend history.