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Renasant ups dividend

's board on April 26 approvedthe payment of a quarterly cash dividend of 18 cents per share.

The dividendis payable June 30 to shareholders of record as of June 15. It represents an increaseof 1 cent per share, or 5.88%, from the dividend paid in the previous quarter.

The Tupelo,Miss.-based company reported net income of $21.2 million, or 52 cents per share,for the first quarter, compared to $15.2 million, or 48 cents per share, for theyear-ago period.