Reliant Bancorp, Inc. (RBNC) Raises Quarterly Dividend 12.5% to $0.09; 1.5% Yield

Reliant Bancorp, Inc. (NASDAQ: RBNC) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 12.5% increase from the prior dividend of $0.08.

The dividend will be payable on January 18, 2019, to stockholders of record on January 8, 2019, with an ex-dividend date of January 7, 2019.

The annual yield on the dividend is 1.5 percent.

“This quarter’s 12.5% increase in the cash dividend highlights Reliant’s solid performance and strong balance sheet,” stated DeVan D. Ard, Jr., Chairman, President and Chief Executive Officer. “This dividend represents a 50% increase in our cash dividend per share compared with the same quarterly dividend paid last year. We believe that our growth in the cash dividend demonstrates our Board of Director’s commitment to building long-term shareholder value through this program.”

For a dividend history and other dividend-related data on Reliant Bancorp, Inc. (RBNC) click here.

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