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, unchanged from the previous quarter. This dividend will be paid on April 21, 2021, to shareholders of record on April 8, 2021, resulting in an annualized dividend yield of 2.86%. As of December 31, 2020, the company reported assets of $1.44 billion and continues to focus on community banking with 17 branches in the Portland-Vancouver area.

Positive

• Quarterly cash dividend maintained at $0.05 per share, reflecting stability.
• Annualized dividend yield of 2.86% provides income for shareholders.
• Company has $1.44 billion in assets, indicating financial robustness.

Negative

• None.

VANCOUVER, Wash., March 26, 2021 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on March 24, 2021, 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 April 21, 2021, to shareholders of record on April 8, 2021. Based on the current share price, the annualized dividend yield is 2.86%.  

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 $1.44 billion at December 31, 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 17 branches, including 13 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 for Riverview Bancorp (RVSB)?

The dividend amount for Riverview Bancorp (RVSB) is $0.05 per share.

When is the dividend payment date for RVSB?

The dividend payment date for RVSB is April 21, 2021.

What is the dividend yield for Riverview Bancorp?

The annualized dividend yield for Riverview Bancorp is 2.86%.

Who are the shareholders of record for the dividend?

The shareholders of record for the dividend on RVSB are those recorded as of April 8, 2021.