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ALEXANDRIA, La. - Red River Bancshares, Inc. (NASDAQ:RRBI), the parent company of Red River Bank, has announced an increase in its quarterly cash dividend. The board of directors declared a dividend of $0.12 per share on common stock, which is a 33% hike from the previous $0.09 per share, bringing the dividend yield to 0.65%. This increased dividend is scheduled to be paid on March 20, 2025, to shareholders on record as of March 10, 2025. According to InvestingPro data, the company has maintained consistent dividend growth, with a 12.5% increase over the last twelve months.
Blake Chatelain, President and CEO of Red River Bancshares, remarked on the dividend increase, stating that it reflects the company’s commitment to delivering shareholder value while maintaining robust capital ratios. The company’s financial strength is evident in its "GOOD" Financial Health Score from InvestingPro, with notably low debt levels and strong profitability metrics.
Red River Bank, a state-chartered bank founded in 1999, offers a comprehensive range of banking services to commercial and retail customers. With a network of 28 banking centers across Louisiana and a loan and deposit production office in New Orleans, the bank serves several key markets, including Alexandria, Shreveport-Bossier City, Baton Rouge, Lake Charles, Covington, Lafayette, and New Orleans. The company, currently valued at $376 million in market capitalization, trades at a P/E ratio of 11.19, with analysts setting price targets between $67 and $71.
The decision to raise the dividend comes as a sign of the company’s financial health and its ability to generate sufficient earnings to share profits with its investors. Dividend payments are often seen as indicators of a company’s stability and management’s confidence in its financial future.
This financial move by Red River Bancshares, Inc. is based on a press release statement from the company, and it is an important update for shareholders and potential investors tracking the company’s performance.
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