Riverview Bancorp Increases Quarterly Cash Dividend to $0.06 Per Share

Rhea-AI Summary

Riverview Bancorp (RVSB) announced an increase in its quarterly cash dividend to $0.06 per share, effective July 21, 2022, for shareholders on record as of July 8, 2022. This change results in an annualized dividend yield of 3.70% based on current share prices. As of March 31, 2022, the company holds assets totaling $1.74 billion and operates 17 branches in the Portland-Vancouver area. Riverview has been recognized as the Best Bank for nine consecutive years by local publications.

Positive

• Increase in quarterly cash dividend to $0.06 per share.
• Annualized dividend yield of 3.70% based on current share price.
• Strong asset base of $1.74 billion as of March 31, 2022.

Negative

• None.

VANCOUVER, Wash., June 23, 2022 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on June 22, 2022, its Board of Directors approved an increase in its quarterly cash dividend to $0.06 per share. The dividend will be payable July 21, 2022, to shareholders of record on July 8, 2022. Based on the current share price, the annualized dividend yield is 3.70%.  

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 $1.74 billion at March 31, 2022, it is the parent company of the 99-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 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 new dividend amount for RVSB?

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

When will Riverview Bancorp's dividend be paid?

The dividend will be paid on July 21, 2022.

What is the record date for receiving the dividend from RVSB?

The record date to receive the dividend is July 8, 2022.

What is the annualized dividend yield for RVSB?

The annualized dividend yield for Riverview Bancorp (RVSB) is 3.70%.