Red River Bancshares increases quarterly dividend 25% to 15c per share

Red River Bancshares (RRBI) announced that its board of directors declared a quarterly cash dividend in an amount equal to 15c per share of common stock, up 3c, or 25%, from 12c per share for the prior quarter. The cash dividend is payable on September 18 to shareholders of record as of the close of business on September 8. Blake Chatelain, president and CEO of the company, stated, “We are pleased to increase our dividend this quarter. Our growing dividend reflects our continued focus on returning capital to shareholders, while remaining committed to maintaining strong capital ratios.”