Riverview Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Rhea-AI Summary

Riverview Bancorp, Inc. (RVSB) announced a quarterly cash dividend of $0.06 per share, consistent with the previous quarter. This dividend will be payable on April 20, 2023, to shareholders of record on April 10, 2023, resulting in an annualized dividend yield of 4.47%. With total assets of $1.60 billion as of December 31, 2022, Riverview Bancorp operates 17 branches and has been recognized as the Best Bank by readers of local publications for nine consecutive years. The company remains focused on community banking and delivering quality financial services.

Positive

• Quarterly cash dividend of $0.06 per share maintained, ensuring stable income for shareholders.
• Annualized dividend yield of 4.47%, indicating a good return on investment.

Negative

• None.

VANCOUVER, Wash., March 27, 2023 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on March 22, 2023, its Board of Directors approved a quarterly cash dividend to $0.06 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable April 20, 2023, to shareholders of record on April 10, 2023. Based on the current share price, the annualized dividend yield is 4.47%.

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 $1.60 billion at December 31, 2022, it is the parent company of the 99-year-old Riverview 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 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 for Riverview Bancorp (RVSB)?

Riverview Bancorp (RVSB) announced a quarterly cash dividend of $0.06 per share.

When will the dividend for RVSB be paid?

The dividend for Riverview Bancorp will be paid on April 20, 2023.

Who are the shareholders of record for the RVSB dividend?

Shareholders of record for the RVSB dividend must be on record by April 10, 2023.

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

The annualized dividend yield for Riverview Bancorp (RVSB) is 4.47%.