Red River Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Red River Bancshares, Inc. (Nasdaq: RRBI) announced a quarterly cash dividend of $0.07 per common share, declared on May 27, 2021. This dividend is payable on June 24, 2021 to shareholders on record as of June 14, 2021. The company operates Red River Bank, a Louisiana-chartered bank since 1999, providing a range of banking services through 25 branches across various Louisiana markets, including Alexandria, Shreveport-Bossier City, Baton Rouge, and Lake Charles.

Positive

• Quarterly cash dividend of $0.07 per share enhances shareholder income.
• The company has a stable infrastructure with 25 banking centers in Louisiana.

Negative

• None.

News Market Reaction – RRBI

+2.96%

+2.96% Session move

In the trading session that priced this news, RRBI gained 2.96%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ALEXANDRIA, La., May 27, 2021 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on May 27, 2021, its board of directors declared a quarterly cash dividend in an amount equal to $0.07 per common share. The cash dividend is payable on June 24, 2021, to shareholders of record as of the close of business on June 14, 2021.  

About Red River Bancshares, Inc.
The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 25 banking centers throughout Louisiana and one combined loan and deposit production office in Lafayette, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; and the Northshore, which includes Covington.

Contact:
Julia Callis
Vice President, Corporate Counsel & Investor Relations Officer
318-561-4042
julia.callis@redriverbank.net 

FAQ

What is the dividend amount declared by Red River Bancshares, Inc.?

The dividend amount declared is $0.07 per common share.

When is the dividend payable for RRBI?

The dividend is payable on June 24, 2021.

What is the record date for the dividend of RRBI?

The record date for the dividend is June 14, 2021.

How many banking centers does Red River Bank operate?

Red River Bank operates 25 banking centers throughout Louisiana.