Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share

Rhea-AI Summary

Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) announced on September 23, 2020, a quarterly cash dividend of $0.05 per share, unchanged from the prior quarter. The dividend is payable on October 20, 2020, to shareholders of record as of October 8, 2020. With a current share price, the annualized dividend yield stands at 4.99%. As of June 30, 2020, Riverview has assets totaling $1.38 billion and operates 18 branches in the Portland-Vancouver area, focusing on community banking.

Positive

• Quarterly cash dividend of $0.05 per share
• Annualized dividend yield of 4.99%
• Total assets of $1.38 billion

Negative

• None.

VANCOUVER, Wash., Sept. 25, 2020 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on September 23, 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 October 20, 2020, to shareholders of record on October 8, 2020. Based on the current share price, the annualized dividend yield is 4.99%.

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 $1.38 billion at June 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 announced by RVSB?

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

When will the RVSB dividend be paid?

The dividend will be payable on October 20, 2020.

What is the record date for the RVSB dividend?

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

What is the annualized dividend yield for RVSB?

The annualized dividend yield for Riverview Bancorp is 4.99%.