Red River Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Red River Bancshares (Nasdaq: RRBI) declared a quarterly cash dividend of $0.06 per share on May 28, 2020. This dividend is payable on June 25, 2020, to shareholders recorded by June 15, 2020. The bank, established in 1999, operates 25 banking centers across several regions in Louisiana, offering a full suite of banking services for both commercial and retail customers.

Positive

• Quarterly cash dividend of $0.06 per share announced, demonstrating ongoing return of income to shareholders.
• Dividend payable on June 25, 2020, reflects the company's commitment to shareholder value.

Negative

• None.

News Market Reaction – RRBI

-0.64%

1 alert

-0.64% News Effect

On the day this news was published, RRBI declined 0.64%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ALEXANDRIA, La., May 28, 2020 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) today announced that on May 28, 2020, its board of directors declared a quarterly cash dividend in an amount equal to $0.06 per common share. The cash dividend is payable on June 25, 2020, to shareholders of record as of the close of business on June 15, 2020.

About Red River Bancshares, Inc. 
Red River Bancshares, Inc. 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. Banking centers are located in the following Louisiana markets: Central Louisiana, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest Louisiana, which includes the Shreveport-Bossier City MSA; Southeast Louisiana, which includes the Baton Rouge MSA; Southwest Louisiana, which includes the Lake Charles MSA; and the Northshore, which includes Covington.

Contact:
Julia Callis
Investor Relations Coordinator
318-561-4042

FAQ

What is the dividend amount declared by RRBI?

Red River Bancshares declared a quarterly cash dividend of $0.06 per share.

When will the RRBI dividend be paid?

The dividend will be payable on June 25, 2020.

What is the record date for the RRBI dividend?

The record date for the dividend is June 15, 2020.

How often does RRBI pay dividends?

RRBI typically pays dividends quarterly.