Riverview Bancorp Inc Plans Quarterly Dividend of $0.02 (NASDAQ:RVSB)

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Monday, January 5th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, January 5th.

Riverview Bancorp has decreased its dividend payment by an average of 0.1%annually over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.24 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 33.3%.

Riverview Bancorp Trading Up 0.6%

Shares of NASDAQ RVSB opened at $5.05 on Friday. The business has a 50 day simple moving average of $5.24 and a 200 day simple moving average of $5.24. Riverview Bancorp has a 52 week low of $4.74 and a 52 week high of $6.59. The stock has a market cap of $104.79 million, a price-to-earnings ratio of 22.96 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Monday, November 3rd. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $13.62 million for the quarter, compared to the consensus estimate of $13.60 million. Riverview Bancorp had a net margin of 6.30% and a return on equity of 2.92%. On average, research analysts predict that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.