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, unchanged from the previous quarter. The dividend is payable on January 16, 2023, for shareholders of record by January 4, 2023, reflecting a 3.20% annualized yield based on the current share price. With assets totaling $1.68 billion as of September 30, 2022, Riverview specializes in community banking and boasts 17 branches in the Portland-Vancouver area.

Positive

• Quarterly cash dividend of $0.06 per share, providing steady income for shareholders.
• Annualized dividend yield of 3.20%, suggesting company confidence in maintaining dividends.

Negative

• None.

VANCOUVER, Wash., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on December 21, 2022, 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 January 16, 2023, to shareholders of record on January 4, 2023. Based on the current share price, the annualized dividend yield is 3.20%.

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 $1.68 billion at September 30, 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)?

The dividend amount for Riverview Bancorp (RVSB) is $0.06 per share.

When will the dividend for RVSB be paid?

The dividend for RVSB will be paid on January 16, 2023.

What is the record date for Riverview Bancorp's dividend?

The record date for Riverview Bancorp's dividend is January 4, 2023.

What is the annualized dividend yield for RVSB?

The annualized dividend yield for RVSB is 3.20% based on the current share price.