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

Riverview Bancorp Inc (NASDAQ:RVSB) declared a quarterly dividend on Tuesday, March 31st. Investors of record on Monday, April 13th will be given a dividend of 0.02 per share by the savings and loans company on Friday, April 24th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, April 13th.

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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of RVSB stock opened at $5.50 on Wednesday. The firm has a market cap of $113.91 million, a price-to-earnings ratio of 23.91 and a beta of 0.58. Riverview Bancorp has a 12 month low of $4.74 and a 12 month high of $6.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $5.32 and a 200 day moving average price of $5.25.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.70 million. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. Research analysts expect that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Company Profile

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.