Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, the company engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. It operates through 12 full service and one limited-service banking offices with seven full-service and one limited-service offices located in Indiana; five offices situated in Ohio; one full-service banking office and four other branch offices are located in Richmond, Indiana; two other offices in Cambridge City, Centerville, Richmond, and Shelbyville, Indiana; two offices in Sidney and Ohio; two offices in Piqua and one office in Troy, Ohio; and a loan production office in Columbus, Ohio. Richmond Mutual Bancorporation, Inc. was founded in 1887 and is headquartered in Richmond, Indiana.
Richmond Mutual Bancorporation Dividend Announcement
• Richmond Mutual Bancorporation announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-09-18. Ex dividend date: 2024-09-04
• Richmond Mutual Bancorporation annual dividend for 2024 was $0.42
• Richmond Mutual Bancorporation annual dividend for 2023 was $0.56
• Richmond Mutual Bancorporation's trailing twelve-month (TTM) dividend yield is 4.33%
• Richmond Mutual Bancorporation's payout ratio for the trailing twelve months (TTM) is 65.49%
Richmond Mutual Bancorporation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-04 | $0.14 | quarterly | 2024-09-18 |
2024-05-30 | $0.14 | quarterly | 2024-06-13 |
2024-03-01 | $0.14 | quarterly | 2024-03-14 |
2023-11-29 | $0.14 | quarterly | 2023-12-14 |
2023-08-30 | $0.14 | quarterly | 2023-09-14 |
2023-05-31 | $0.14 | quarterly | 2023-06-15 |
2023-03-03 | $0.14 | quarterly | 2023-03-16 |
2022-11-30 | $0.10 | quarterly | 2022-12-15 |
2022-08-31 | $0.10 | quarterly | 2022-09-15 |
2022-06-01 | $0.10 | quarterly | 2022-06-16 |
2022-03-02 | $0.10 | quarterly | 2022-03-17 |
2021-12-01 | $0.07 | quarterly | 2021-12-16 |
2021-09-01 | $0.07 | quarterly | 2021-09-16 |
2021-06-02 | $0.07 | quarterly | 2021-06-17 |
2021-04-20 | $0.50 | quarterly | 2021-05-05 |
2021-03-03 | $0.07 | quarterly | 2021-03-18 |
2020-12-02 | $0.05 | quarterly | 2020-12-17 |
2020-09-02 | $0.05 | quarterly | 2020-09-17 |
2020-06-03 | $0.05 | quarterly | 2020-06-18 |
Richmond Mutual Bancorporation Dividend per year
Richmond Mutual Bancorporation Dividend growth
Richmond Mutual Bancorporation Dividend Yield
Richmond Mutual Bancorporation current trailing twelve-month (TTM) dividend yield is 4.33%. Interested in purchasing Richmond Mutual Bancorporation stock? Use our calculator to estimate your expected dividend yield:
Richmond Mutual Bancorporation Financial Ratios
Richmond Mutual Bancorporation Dividend FAQ
Other factors to consider when evaluating Richmond Mutual Bancorporation 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: Richmond Mutual Bancorporation'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, Richmond Mutual Bancorporation 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, Richmond Mutual Bancorporation 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 Richmond Mutual Bancorporation 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: Richmond Mutual Bancorporation 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, Richmond Mutual Bancorporation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Richmond Mutual Bancorporation 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 Richmond Mutual Bancorporation'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 Richmond Mutual Bancorporation'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.