Riverview Bancorp Declares Quarterly Cash Dividend of $0.055 Per Share

Rhea-AI Summary

Riverview Bancorp (RVSB) announced a quarterly cash dividend of $0.055 per share, unchanged from the previous quarter. The dividend is payable on January 17, 2022, to shareholders of record by January 5, 2022. The current annualized dividend yield stands at 2.91%.

As of September 30, 2021, Riverview had assets totaling $1.72 billion and operates 16 branches, focusing on community banking services. The bank has been recognized as the Best Bank for nine consecutive years by local publications.

Positive

• Quarterly cash dividend of $0.055 per share indicates consistent returns for shareholders.
• Annualized dividend yield of 2.91% provides a competitive return for investors.
• Assets of $1.72 billion demonstrate the company's strong financial position.

Negative

• None.

VANCOUVER, Wash., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on December 15, 2021, its Board of Directors approved a quarterly cash dividend of $0.055 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable January 17, 2022, to shareholders of record on January 5, 2022. Based on the current share price, the annualized dividend yield is 2.91%.

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 $1.72 billion at September 30, 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 nine 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 $0.055 per share.

When is the payment date for Riverview Bancorp's dividend?

The dividend is payable on January 17, 2022.

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

The annualized dividend yield is 2.91% based on the current share price.

Who is eligible to receive the dividend from Riverview Bancorp (RVSB)?

Shareholders of record as of January 5, 2022, are eligible to receive the dividend.