Red River Bancshares Celebrates Increased Dividend Announcement
Red River Bancshares Declares Increased Cash Dividend
In a recent announcement that underscores its commitment to shareholder value, Red River Bancshares, Inc. (Nasdaq: RRBI) has revealed an increase in its quarterly cash dividend. The board of directors declared a dividend of $0.12 per share, which marks a notable uptick from the previous quarterly value of $0.09 per share. This 33% increase reflects the company's dedication to returning capital to its shareholders while successfully managing strong capital ratios.
Details of the Dividend Declaration
The declared cash dividend of $0.12 per share is scheduled to be payable on a specified date to shareholders on record as of an announced cutoff date. This decision was made during the board meeting, emphasizing the company's strategic approach in maximizing shareholder returns.
Insights from Leadership
Blake Chatelain, the company's President and CEO, expressed his satisfaction regarding the dividend increase, stating, "We are pleased to increase our dividend this quarter. The Board’s decision to increase our dividend demonstrates our continued focus on returning capital to shareholders, while maintaining our commitment to strong capital ratios." This message highlights the leadership's vision for the future of Red River Bancshares.
About Red River Bancshares
Red River Bancshares is the parent company of Red River Bank, which has been serving the community since its establishment in 1999. The bank offers a broad range of banking products and services tailored to meet the diverse needs of both commercial and retail customers. Currently, Red River Bank operates a network of 28 banking centers across Louisiana, ensuring reliable and accessible financial services.
Banking Operations and Services
The bank specializes in providing an extensive array of banking services, ensuring that customers receive top-notch support and innovative solutions. Their operations span multiple vital markets across Louisiana, including areas that service the Alexandria metropolitan statistical area, Shreveport-Bossier City, Baton Rouge, Lake Charles, Covington, Lafayette, and New Orleans.
Contact Information
For any inquiries or further information, individuals can reach out to Julia E. Callis, Senior Vice President, General Counsel & Corporate Secretary, at 318-561-4042. She is more than willing to assist with any questions regarding the bank's services or stock inquiries.
Frequently Asked Questions
What is the recent cash dividend declared by Red River Bancshares?
Red River Bancshares has declared a cash dividend of $0.12 per share, representing a significant increase from the previous $0.09 per share.
When will the declared dividend be paid?
The dividend is scheduled to be paid on a specified date to shareholders of record by the end of the designated cutoff period.
Who is the current CEO of Red River Bancshares?
Blake Chatelain is the President and CEO of Red River Bancshares, leading the company in its commitment to shareholder value.
How many banking centers does Red River Bank operate?
Red River Bank operates a total of 28 banking centers throughout Louisiana, providing accessible financial services to customers in the region.
How can I contact Red River Bancshares for inquiries?
For inquiries, you can contact Julia E. Callis at 318-561-4042 for assistance with your questions or concerns regarding the bank's services and stock information.
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