Reliant Bancorp, Inc. (RBNC) Declares $0.10 Quarterly Dividend; 2.7% Yield

Reliant Bancorp, Inc. (NASDAQ: RBNC) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.

The dividend will be payable on August 21, 2020, to stockholders of record on August 7, 2020, with an ex-dividend date of August 6, 2020.

The annual yield on the dividend is 2.7 percent.

“Reliant’s second quarter dividend payment represents an 11.1% increase in the amount paid per share compared with the same quarter in 2019,” stated DeVan Ard, Jr., Reliant’s Chairman and CEO. “We remain positive about Reliant’s future following our two recent acquisitions that solidify our position as the fourth largest community bank by asset size headquartered in the Nashville-Davidson--Murfreesboro--Franklin, TN Metropolitan Statistical Area.

“We will continue to evaluate future cash dividends to balance our goal of maintaining our strong capital position and returning a portion of earnings to shareholders to build long-term value. At this time, we believe our cash dividend is reasonable based on our outlook for the economy, our level of earnings and the challenging environment resulting from the COVID-19 pandemic,” Ard concluded.

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

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