Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share

Rhea-AI Summary

Riverview Bancorp (Nasdaq: RVSB) announced a quarterly cash dividend of $0.05 per share, maintaining the rate from the previous quarter. The dividend is payable on July 22, 2021, to shareholders registered by July 9, 2021. This results in an annualized dividend yield of 2.98%. As of March 31, 2021, Riverview holds assets totaling $1.55 billion and operates 16 branches, primarily in the Portland-Vancouver area.

Positive

• Quarterly cash dividend of $0.05 per share maintained, indicating financial stability.
• Annualized dividend yield of 2.98% offers attractive income for shareholders.

Negative

• None.

VANCOUVER, Wash., June 25, 2021 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on June 23, 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 July 22, 2021, to shareholders of record on July 9, 2021. Based on the current share price, the annualized dividend yield is 2.98%.  

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 $1.55 billion at March 31, 2021, it is the parent company of the 98-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 16 branches, including 12 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 RVSB in 2021?

Riverview Bancorp has declared a dividend amount of $0.05 per share for 2021.

When is the dividend for RVSB payable?

The dividend will be payable on July 22, 2021.

What is the dividend yield for RVSB?

The annualized dividend yield for Riverview Bancorp is 2.98%.

What is the record date for RVSB's dividend?

The record date for the dividend is July 9, 2021.