Riverview Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Rhea-AI Summary

Riverview Bancorp, Inc. (Nasdaq: RVSB) has declared a quarterly cash dividend of $0.06 per share, scheduled for payment on October 24, 2022, to shareholders on record by October 13, 2022. This dividend represents no change from the previous quarter, maintaining an annualized yield of 3.78%. The company, with assets totaling $1.70 billion as of June 30, 2022, operates with a strong community banking focus through its 17 branches in the Portland-Vancouver area.

Positive

• Quarterly cash dividend remains stable at $0.06 per share.
• Annualized dividend yield of 3.78%, indicating strong return for shareholders.
• Company has significant assets of $1.70 billion, showcasing financial stability.

Negative

• None.

VANCOUVER, Wash., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on September 28, 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 October 24, 2022, to shareholders of record on October 13, 2022. Based on the current share price, the annualized dividend yield is 3.78%.  

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 $1.70 billion at June 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 amount of the dividend declared by Riverview Bancorp (RVSB)?

The dividend declared by Riverview Bancorp is $0.06 per share.

When will the dividend for RVSB be paid?

The dividend will be paid on October 24, 2022.

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

The annualized dividend yield for Riverview Bancorp is 3.78%.

Who is eligible to receive the dividend from RVSB?

Shareholders on record by October 13, 2022, will be eligible to receive the dividend.