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

Riverview Bancorp Inc (NASDAQ:RVSB) announced a quarterly dividend on Thursday, September 25th, RTT News reports. Stockholders of record on Thursday, October 9th will be given a dividend of 0.02 per share by the savings and loans company on Monday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 9th.

Riverview Bancorp has a payout ratio of 19.0% indicating that 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 Stock Performance

RVSB opened at $5.28 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $110.61 million, a PE ratio of 22.00 and a beta of 0.61. Riverview Bancorp has a 1 year low of $4.45 and a 1 year high of $6.59. The business has a fifty day simple moving average of $5.06 and a 200 day simple moving average of $5.49.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Riverview Bancorp had a return on equity of 3.22% and a net margin of 6.95%.The firm had revenue of $13.27 million for the quarter, compared to the consensus estimate of $13.30 million. Research analysts expect that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Company Profile

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.