Riverview Bancorp, Inc. (NASDAQ:RVSB) Plans Quarterly Dividend of $0.05

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.05 per share by the savings and loans company on Wednesday, July 22nd. This represents a $0.20 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, July 7th.

Riverview Bancorp has increased its dividend payment by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 4 years. Riverview Bancorp has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Riverview Bancorp to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 50.0%.

NASDAQ RVSB opened at $5.18 on Tuesday. The business’s fifty day simple moving average is $5.17 and its 200-day simple moving average is $6.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a market cap of $123.75 million, a PE ratio of 7.51 and a beta of 0.91. Riverview Bancorp has a 52 week low of $4.05 and a 52 week high of $8.70.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, May 7th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.10 million. Riverview Bancorp had a return on equity of 10.93% and a net margin of 25.05%. Research analysts expect that Riverview Bancorp will post 0.55 EPS for the current year.

RVSB has been the topic of several analyst reports. Zacks Investment Research lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th. ValuEngine downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st.

About Riverview Bancorp

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.

Featured Story: Hang Seng Index (HSI)

Dividend History for Riverview Bancorp (NASDAQ:RVSB)

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.