Renasant Corp (RNST) to Issue Quarterly Dividend of $0.24 on September 30th

Renasant Corp (NYSE:RNST) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.24 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 16th.

Renasant has raised its dividend by an average of 0.0%per year over the last three years. Renasant has a dividend payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Renasant to earn $3.94 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 24.4%.

Renasant Price Performance

Shares of RNST opened at $40.78 on Monday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 12.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.90. The business’s 50-day moving average is $42.43 and its 200-day moving average is $40.50. Renasant has a fifty-two week low of $33.04 and a fifty-two week high of $44.54.

Renasant (NYSE:RNST) last issued its earnings results on Tuesday, July 28th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $573.62 million during the quarter, compared to analyst estimates of $280.71 million. Renasant had a net margin of 19.94% and a return on equity of 8.67%. During the same quarter last year, the business posted $0.01 EPS. Equities research analysts expect that Renasant will post 3.79 EPS for the current fiscal year.

Renasant Company Profile

Renasant Corporation (NYSE: RNST) is a financial services company and the parent organization of Renasant Bank. Headquartered in Tupelo, Mississippi, the company traces its roots to 1904 and operates as a regional banking institution serving individuals, businesses and communities.

Renasant Bank provides a broad range of financial products and services, including checking and savings accounts, consumer and commercial lending, real estate financing, treasury management and other business banking solutions.