Renasant Corporation announces $0.22 quarterly dividend

TUPELO - Renasant Corporation (NYSE: RNST), a financial services provider, has declared a quarterly cash dividend of twenty-two cents ($0.22) per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The current dividend yield stands at 2.83%, and according to InvestingPro, the company has maintained dividend payments for 33 consecutive years. This announcement comes as part of the company’s regular dividend payments to its investors.

Founded over a century ago, Renasant Corporation is the holding company for Renasant Bank. With assets totaling approximately $26.0 billion and a market capitalization of $2.02 billion, the corporation maintains a strong presence in the Southeastern United States. Trading at a P/E ratio of 9.79, InvestingPro analysis suggests the stock is currently slightly undervalued. Renasant operates an extensive network of over 280 banking, lending, mortgage, and wealth management offices. Additionally, it offers factoring and asset-based lending services nationwide.

The payment of dividends is a common practice among established companies to distribute a portion of their earnings back to shareholders. Renasant Corporation’s forthcoming dividend reflects its ongoing commitment to provide value to its investors.

As a publicly traded company on the New York Stock Exchange, Renasant Corporation has a history of financial stability and consistent dividend payouts, which are of interest to current and potential shareholders. This latest dividend declaration is based on a press release statement from the company and is part of its financial communications to the market.

For more detailed information regarding Renasant Corporation’s financials and investor relations, interested parties can visit the company’s official website or its investor relations site.

In other recent news, Renasant Corporation reported strong financial results for the first quarter of 2025, with earnings per share (EPS) reaching $0.66, surpassing the forecasted $0.52. Revenue also exceeded expectations, coming in at $170.59 million against the anticipated $170.14 million. Renasant’s acquisition of The First Bancshares was finalized ahead of schedule, which has contributed positively to its market position and financial outlook. Raymond James analyst Michael Rose upgraded Renasant’s stock rating to Strong Buy following these developments, citing the company’s robust quarterly performance and strategic merger as key factors. The merger is expected to offer downside protection due to the associated loan mark, enhancing Renasant’s capital flexibility with an increase in the Common Equity Tier 1 ratio by 11%. Despite some anticipated operational noise during integration, top-tier results are projected, aligning with the initial expectations set when the deal was announced. Deposits increased by $200 million, supporting growth in interest income, while net interest income rose by $1.3 million from the previous quarter. Overall, these developments reflect a positive risk-reward dynamic for Renasant, particularly amid ongoing economic uncertainties.

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