Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. The company provides various deposit products, including checking, saving, money market accounts, and time deposits. It also offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; small business administration paycheck protection program loans; tax-exempt loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit. In addition, the company provides treasury management, private banking, and brokerage; investment advisory, financial planning, and a suite of retirement plans; debit and credit cards, direct deposits, cashier's checks, and wire transfer services; online banking services, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; and banking services in person, through ATMs, drive-through facilities, night deposits, telephone, mail, mobile banking, and remote deposits. It operates a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices in Lafayette and New Orleans, Louisiana. The company was incorporated in 1998 and is headquartered in Alexandria, Louisiana.
Red River Bancshares Dividend Announcement
• Red River Bancshares announced a quarterly dividend of $0.09 per ordinary share which will be made payable on 2024-12-19. Ex dividend date: 2024-12-09
• Red River Bancshares annual dividend for 2024 was $0.36
• Red River Bancshares annual dividend for 2023 was $0.32
• Red River Bancshares's trailing twelve-month (TTM) dividend yield is 0.83%
• Red River Bancshares's payout ratio for the trailing twelve months (TTM) is 7.22%
Red River Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-09 | $0.09 | quarterly | 2024-12-19 |
2024-09-09 | $0.09 | quarterly | 2024-09-19 |
2024-06-10 | $0.09 | quarterly | 2024-06-20 |
2024-03-08 | $0.09 | quarterly | 2024-03-21 |
2023-12-01 | $0.08 | quarterly | 2023-12-14 |
2023-09-08 | $0.08 | quarterly | 2023-09-21 |
2023-06-09 | $0.08 | quarterly | 2023-06-22 |
2023-03-10 | $0.08 | quarterly | 2023-03-23 |
2022-12-02 | $0.07 | quarterly | 2022-12-15 |
2022-09-09 | $0.07 | quarterly | 2022-09-22 |
2022-06-10 | $0.07 | quarterly | 2022-06-23 |
2022-03-11 | $0.07 | quarterly | 2022-03-24 |
2021-12-03 | $0.07 | quarterly | 2021-12-16 |
2021-09-10 | $0.07 | quarterly | 2021-09-23 |
2021-06-11 | $0.07 | quarterly | 2021-06-24 |
2021-03-12 | $0.07 | quarterly | 2021-03-25 |
2020-12-04 | $0.06 | quarterly | 2020-12-17 |
2020-09-11 | $0.06 | quarterly | 2020-09-24 |
2020-06-12 | $0.06 | quarterly | 2020-06-25 |
2020-03-13 | $0.06 | quarterly | 2020-03-26 |
Red River Bancshares Dividend per year
Red River Bancshares Dividend growth
Red River Bancshares Dividend Yield
Red River Bancshares current trailing twelve-month (TTM) dividend yield is 0.83%. Interested in purchasing Red River Bancshares stock? Use our calculator to estimate your expected dividend yield:
Red River Bancshares Financial Ratios
Red River Bancshares Dividend FAQ
Other factors to consider when evaluating Red River Bancshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Red River Bancshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Red River Bancshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Red River Bancshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Red River Bancshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Red River Bancshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Red River Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Red River Bancshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Red River Bancshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Red River Bancshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.