Reliant Bancorp, Inc. (RBNC) Raises Quarterly Dividend 20% to $0.12; 2.3% Yield

Go back to Reliant Bancorp, Inc. (RBNC) Raises Quarterly Dividend 20% to $0.12; 2.3% Yield

Reliant Bancorp, Inc. Increases Cash Dividend by 20% to $0.12 Per Share

January 25, 2021 5:00 PM EST

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Reliant Bancorp, Inc. (Reliant) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share payable on February 19, 2021, to shareholders of record as of the close of business on February 8, 2021.

The 20% increase in Reliants cash dividend to $0.12 per share highlights our solid growth in earnings for the fourth quarter and year, stated DeVan Ard, Jr., Reliants Chairman and CEO. Our excellent results for 2020 benefited from a strong net interest margin, superior credit quality and two... More