Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share

Rhea-AI Summary

Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) has announced a quarterly cash dividend of $0.05 per share, consistent with the prior quarter. This dividend will be paid on July 22, 2020, to shareholders on record by July 8, 2020. The current annualized dividend yield stands at 3.81%. As of March 31, 2020, Riverview reported assets totaling $1.18 billion. The company operates 18 branches, primarily in the Portland-Vancouver area, and has been recognized as the Best Bank for six consecutive years by local publications.

Positive

• Quarterly cash dividend of $0.05 per share indicates consistent financial performance.
• Annualized dividend yield of 3.81% offers attractive income for shareholders.
• Company has substantial assets of $1.18 billion, indicating strong financial health.

Negative

• None.

VANCOUVER, Wash., June 26, 2020 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced its Board of Directors approved a quarterly cash dividend of $0.05 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable July 22, 2020, to shareholders of record on July 8, 2020. Based on the current share price, the annualized dividend yield is 3.81%. 

About Riverview

Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon on the I-5 corridor. With assets of $1.18 billion at March 31, 2020, it is the parent company of the 96-year-old Riverview Community Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers. There are 18 branches, including 14 in the Portland-Vancouver area and three lending centers. For the past six years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

Kevin Lycklama                                                                        
                    Riverview Bancorp, Inc. 360-693-6650  

 

FAQ

What is the dividend amount for Riverview Bancorp (RVSB)?

Riverview Bancorp has declared a quarterly cash dividend of $0.05 per share.

When is the dividend payable for RVSB shareholders?

The dividend will be payable on July 22, 2020.

What is the record date for the RVSB dividend?

The record date for the dividend is July 8, 2020.

What is the annualized dividend yield for Riverview Bancorp?

The annualized dividend yield for Riverview Bancorp is 3.81%.