Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, October 18th. This represents a $0.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, October 7th.
Riverview Bancorp has raised its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Riverview Bancorp to earn $0.35 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 22.9%.
Riverview Bancorp Price Performance
RVSB stock opened at $4.68 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $98.75 million, a price-to-earnings ratio of 26.00 and a beta of 0.77. The firm has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.31. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.57.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Wednesday. They set a “hold” rating on the stock.
View Our Latest Report on RVSB
About Riverview Bancorp
Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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