Red River Bancshares's latest quarterly dividend of $0.09 per share was on Mar 8, 2024 (ex-date). At an annualized rate of $0.33 per share, the stock yields 0.7%. The latest RRBI payment of $0.09 marks a dividend growth of 13%.
Red River Bancshares's dividend yield of 0.7% is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.36%, Red River Bancshares's dividend yield is 79% lower.
Red River Bancshares has a history of paying dividends since 2020. Our records of RRBI show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 14% since twelve months ago. And with the price of the stock up by 1.6% from a year ago, the dividend yield has an increase of 11%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 8, 2024 | Mar 21, 2024 | Feb 22, 2024 | $0.09 | normal |
| Dec 1, 2023 | Dec 14, 2023 | Oct 26, 2023 | $0.08 | normal |
| Sep 8, 2023 | Sep 21, 2023 | Jul 27, 2023 | $0.08 | normal |
| Jun 9, 2023 | Jun 22, 2023 | May 25, 2023 | $0.08 | normal |
| Mar 10, 2023 | Mar 23, 2023 | Feb 23, 2023 | $0.08 | normal |
| Dec 2, 2022 | Dec 15, 2022 | Nov 17, 2022 | $0.07 | normal |
| Sep 9, 2022 | Sep 22, 2022 | Aug 25, 2022 | $0.07 | normal |
| Jun 10, 2022 | Jun 23, 2022 | May 26, 2022 | $0.07 | normal |
| Mar 11, 2022 | Mar 24, 2022 | Feb 24, 2022 | $0.07 | normal |
| Dec 3, 2021 | Dec 16, 2021 | Nov 18, 2021 | $0.07 | normal |
| Sep 10, 2021 | Sep 23, 2021 | Aug 26, 2021 | $0.07 | normal |
| Jun 11, 2021 | Jun 24, 2021 | May 27, 2021 | $0.07 | normal |
| Mar 12, 2021 | Mar 25, 2021 | Feb 25, 2021 | $0.07 | normal |
| Dec 4, 2020 | Dec 17, 2020 | Nov 19, 2020 | $0.06 | normal |
| Sep 11, 2020 | Sep 24, 2020 | Aug 27, 2020 | $0.06 | normal |
| Jun 12, 2020 | Jun 25, 2020 | May 28, 2020 | $0.06 | normal |
| Mar 13, 2020 | Mar 26, 2020 | Feb 27, 2020 | $0.06 | normal |
Red River Bancshares's payout ratio of 6.8% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 39.6%, Red River Bancshares's payout ratio is 83% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.21% | $1.51 | 56.8% |
| NRIM Northrim Bancorp Inc | 5.1% | $2.41 | 53.2% |
| RRBI Red River Bancshares Inc | 0.71% | $0.33 | 6.8% |
Yes, Red River Bancshares has been paying dividends for the last four years.
At this point we don't have a record of RRBI's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.
Red River Bancshares's last dividend ex-date was on Mar 8, 2024. The dividend amount was $0.09 per share.
On an annual basis RRBI pays $0.33 per share.
Red River Bancshares's current dividend yield is 0.7%.
Red River Bancshares pays four dividends per year.
The dividend payout ratio of Red River Bancshares is 6.8%.
Red River Bancshares's dividend yield is lower than the Financial Services sector average.