Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Raises Dividend to $0.15 Per Share

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders of record on Wednesday, February 26th will be given a dividend of 0.15 per share on Wednesday, March 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14.

Richmond Mutual Bancorporation has increased its dividend payment by an average of 26.0% per year over the last three years.

Richmond Mutual Bancorporation Trading Down 2.1 %

NASDAQ:RMBI opened at $13.13 on Monday. Richmond Mutual Bancorporation has a 12 month low of $10.15 and a 12 month high of $15.15. The firm’s 50 day moving average is $13.72 and its 200 day moving average is $13.35. The stock has a market capitalization of $143.25 million, a PE ratio of 14.43 and a beta of 0.64.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last released its earnings results on Thursday, January 23rd. The company reported $0.24 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.97% and a net margin of 10.99%.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.