Red River Bancshares (RRBI) Declares $0.06 Quarterly Dividend; Approved Stock Repurchase Program

August 27, 2020 4:10 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Red River Bancshares (NASDAQ: RRBI) declared a quarterly dividend of $0.06 per share, or $0.24 annualized.

The dividend will be payable on September 24, 2020, to stockholders of record on September 14, 2020, with an ex-dividend date of September 11, 2020.

The annual yield on the dividend is 0.5 percent.

Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its Board of Directors (the “Board”) approved a stock repurchase program. The repurchase program authorizes the Company to purchase up to $3 million of outstanding shares of common stock through August 27, 2021. Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “Approval of this stock repurchase program shows our commitment to promoting liquidity in the shares and enhancing shareholder value.”

For a dividend history and other dividend-related data on Red River Bancshares (RRBI) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Dividends, Stock Buybacks

Related Entities

Dividend, Stock Buyback