Riverview Bancorp, Inc. (NASDAQ:RVSB) Announces Quarterly Dividend of $0.02

by · The Cerbat Gem

Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) declared a quarterly dividend on Thursday, September 26th, Zacks reports. Stockholders of record on Monday, October 7th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, October 18th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, October 7th.

Riverview Bancorp has increased its dividend by an average of 6.3% annually over the last three years. Riverview Bancorp has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Riverview Bancorp to earn $0.35 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 22.9%.

Riverview Bancorp Price Performance

Riverview Bancorp stock opened at $4.68 on Friday. The firm has a market capitalization of $98.80 million, a PE ratio of 26.00 and a beta of 0.77. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.57. The firm’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92.

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last announced its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The business had revenue of $17.77 million for the quarter, compared to analyst estimates of $12.20 million. On average, equities research analysts predict that Riverview Bancorp will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Riverview Bancorp in a research report on Wednesday. They set a “hold” rating for the company.

Get Our Latest Stock Report on Riverview Bancorp

Riverview Bancorp Company Profile

(Get Free Report)

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.

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