Renasant Corp. (RNST) Raises Quarterly Dividend 5.3% to $0.20; 1.7% Yield

Renasant Corp. (NASDAQ: RNST) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 5.3% increase from the prior dividend of $0.19.

The dividend will be payable on June 30, 2018, to stockholders of record on June 14, 2018, with an ex-dividend date of June 13, 2018.

The annual yield on the dividend is 1.7 percent.

"Renasant opened the year with very strong results. Our continued focus on profitability in this competitive interest rate environment coupled with our strategies around expense containment were the driving factors behind our record earnings for the quarter," commented Renasant Chairman and Chief Executive Officer, E. Robinson McGraw. "We're also excited to announce an increase in our quarterly dividend, effective in the second quarter of 2018. This increase represents the third dividend increase in the last eight quarters and boosts our annual cash dividend from $0.76 to $0.80. It is also my pleasure to announce that, effective May 1, 2018, our Board of Directors has elected Mitch Waycaster as Chief Executive Officer of both Renasant Corporation and Renasant Bank and Kevin Chapman as Chief Operating Officer, in addition to his role as Chief Financial Officer, of both Renasant Corporation and Renasant Bank."

For a dividend history and other dividend-related data on Renasant Corp. (RNST) click here.

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