Riverview Bancorp Inc (RVSB) to Issue Quarterly Dividend of $0.02 on October 20th

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Friday, September 25th. Investors of record on Friday, October 9th will be given a dividend of $0.02 per share by the savings and loans company on Tuesday, October 20th. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 9th.

Riverview Bancorp has decreased its dividend payment by an average of 0.2%per year over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Riverview Bancorp to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 21.6%.

Riverview Bancorp Trading Down 2.2%

Shares of RVSB opened at $5.86 on Wednesday. Riverview Bancorp has a 52-week low of $4.88 and a 52-week high of $6.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $5.47 and its two-hundred day moving average is $5.48. The stock has a market cap of $116.91 million, a PE ratio of -30.84 and a beta of 0.47.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $15.01 million during the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. Research analysts forecast that Riverview Bancorp will post 0.28 earnings per share for the current fiscal year.

About Riverview Bancorp

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and nonprofit organizations.

Riverview Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans, home equity products and consumer loans.