Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share

Rhea-AI Summary

Riverview Bancorp (RVSB) announced a quarterly cash dividend of $0.05 per share on December 16, 2020, remaining unchanged from the previous quarter. The dividend will be paid on January 18, 2021, to shareholders on record by January 5, 2021. The annualized dividend yield is approximately 3.97% based on the current share price. Riverview Bancorp, headquartered in Vancouver, Washington, manages assets of $1.43 billion and operates 18 branches in the Portland-Vancouver area, providing a variety of banking services.

Positive

• Quarterly cash dividend of $0.05 per share, maintaining investor income
• Annualized yield of 3.97% indicates good return potential
• Strong asset base of $1.43 billion enhances stability

Negative

• None.

VANCOUVER, Wash., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on December 16, 2020, 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 January 18, 2021, to shareholders of record on January 5, 2021. Based on the current share price, the annualized dividend yield is 3.97%.

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 $1.43 billion at September 30, 2020, it is the parent company of the 97-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 seven 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.

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

FAQ

What is the dividend amount declared by Riverview Bancorp (RVSB)?

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

When will the dividend be paid to shareholders of Riverview Bancorp (RVSB)?

The dividend will be paid on January 18, 2021.

When is the record date for the dividend payment by Riverview Bancorp (RVSB)?

The record date for the dividend payment is January 5, 2021.

What is the annualized dividend yield for Riverview Bancorp (RVSB)?

The annualized dividend yield is approximately 3.97% based on the current share price.