The Board of Directors of Redwood Capital Bancorp has increased the quarterly dividend from $0.07 per share to $0.08 per share. This is a 14.3% increase from the previous quarter. The dividend is payable on November 14, 2022, to shareholders of record at the close of business on October 31, 2022.

The dividend payment is equivalent to an annual rate of $0.32 per share or 1.84%, based upon a market price of $17.40 per common share.