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.
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.
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