VersaBank (TSE:VBNK) Announces $0.03 Quarterly Dividend

VersaBank (TSE:VBNK) declared a quarterly dividend on Friday, July 10th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.025 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 10th.

VersaBank Price Performance

Shares of VersaBank stock opened at C$30.90 on Wednesday. The stock has a market capitalization of C$994.86 million, a price-to-earnings ratio of 32.87 and a beta of 1.59. The business has a 50-day moving average of C$26.52 and a 200 day moving average of C$23.14. VersaBank has a 12 month low of C$13.92 and a 12 month high of C$34.00.

VersaBank (TSE:VBNK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$38.29 million for the quarter. VersaBank had a net margin of 9.34% and a return on equity of 5.64%. Equities research analysts anticipate that VersaBank will post 1.6945127 earnings per share for the current year.

About VersaBank

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.