Renasant's last quarterly dividend payment of $0.22 per share was made to shareholders on record before Sep 14, 2023. The dividend payment stands at $0.88 per share annually, which equates to a dividend yield of 3.36%.
RNST has a dividend yield of 3.36% which is below the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 3.73%, Renasant's dividend yield is 10% lower. Historically RNST's dividend yield has averaged at 2.7% in the last 5 years, which is lower than the current yield.
Renasant has been paying dividends for the last 29 years. According to our records RNST has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. However with the stock price down by 16% from a year ago, the dividend yield has grown by 19%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Sep 14, 2023 | Sep 29, 2023 | Aug 10, 2023 | $0.22 | normal |
Jun 15, 2023 | Jun 30, 2023 | Apr 26, 2023 | $0.22 | normal |
Mar 16, 2023 | Mar 31, 2023 | Feb 16, 2023 | $0.22 | normal |
Dec 15, 2022 | Jan 1, 2023 | Nov 16, 2022 | $0.22 | normal |
Sep 15, 2022 | Sep 30, 2022 | Aug 12, 2022 | $0.22 | normal |
Jun 15, 2022 | Jun 30, 2022 | Apr 25, 2022 | $0.22 | normal |
Mar 16, 2022 | Mar 31, 2022 | Feb 10, 2022 | $0.22 | normal |
Dec 16, 2021 | Jan 1, 2022 | Nov 12, 2021 | $0.22 | normal |
Sep 15, 2021 | Sep 30, 2021 | Aug 12, 2021 | $0.22 | normal |
Jun 15, 2021 | Jun 30, 2021 | Apr 21, 2021 | $0.22 | normal |
Mar 16, 2021 | Mar 31, 2021 | Feb 26, 2021 | $0.22 | normal |
Dec 17, 2020 | Jan 1, 2021 | Nov 23, 2020 | $0.22 | normal |
Sep 15, 2020 | Sep 30, 2020 | Aug 17, 2020 | $0.22 | normal |
Jun 15, 2020 | Jun 30, 2020 | Apr 8, 2020 | $0.22 | normal |
Mar 16, 2020 | Mar 31, 2020 | Feb 10, 2020 | $0.22 | normal |
Dec 17, 2019 | Jan 1, 2020 | Nov 6, 2019 | $0.22 | normal |
Sep 13, 2019 | Sep 30, 2019 | Aug 19, 2019 | $0.22 | normal |
Jun 13, 2019 | Jun 28, 2019 | Apr 10, 2019 | $0.22 | normal |
Mar 20, 2019 | Mar 29, 2019 | Feb 13, 2019 | $0.21 | normal |
Dec 17, 2018 | Jan 1, 2019 | Oct 24, 2018 | $0.21 | normal |
Sep 13, 2018 | Sep 28, 2018 | Aug 8, 2018 | $0.2 | normal |
Jun 14, 2018 | Jun 30, 2018 | Apr 24, 2018 | $0.2 | normal |
Mar 15, 2018 | Mar 30, 2018 | Feb 14, 2018 | $0.19 | normal |
Dec 14, 2017 | Jan 2, 2018 | Nov 9, 2017 | $0.19 | normal |
Sep 14, 2017 | Sep 29, 2017 | Aug 23, 2017 | $0.18 | normal |
Jun 14, 2017 | Jun 30, 2017 | May 5, 2017 | $0.18 | normal |
Mar 15, 2017 | Mar 31, 2017 | Feb 16, 2017 | $0.18 | normal |
Dec 12, 2016 | Jan 1, 2017 | Nov 15, 2016 | $0.18 | normal |
Sep 12, 2016 | Sep 30, 2016 | Aug 10, 2016 | $0.18 | normal |
Jun 13, 2016 | Jun 30, 2016 | Apr 26, 2016 | $0.18 | normal |
Mar 14, 2016 | Mar 31, 2016 | Feb 9, 2016 | $0.17 | normal |
RNST has a payout ratio of 29.4% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 33.5%, Renasant's payout ratio is 12% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
FHN First Horizon Corp | 5.7% | $0.6 | 30% |
RF Regions Financial Corp | 5.06% | $0.84 | 35.7% |
TRMK Trustmark Corp | 4.3% | $0.92 | 54.4% |
CFR Cullen/Frost Bankers Inc | 3.95% | $3.53 | 33% |
FCBC First Community Bankshares Inc | 3.92% | $1.16 | 40.7% |
RNST Renasant Corp | 3.42% | $0.88 | 29.4% |
FBMS First Bancshares Inc | 3.24% | $0.86 | 33.5% |
Yes, Renasant has paid four dividends in the last 12 months. RNST has been paying dividends since 1994.
RNST hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in December 2023.
Renasant's last regular dividend was on Sep 14, 2023 (ex-date) with the amount of $0.22 per share.
On an annual basis RNST pays $0.88 per share.
Renasant's current dividend yield is 3.36%.
Renasant pays dividends quarterly.
Renasant's dividend payout ratio is 29.4%.
Renasant's dividend yield is lower than the Financial Services sector average.