VersaBank Announces Quarterly Dividend of $0.03 (TSE:VBNK)

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, April 10th, TickerTech Dividends reports. Shareholders of record on Thursday, April 30th will be paid a dividend of 0.025 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, April 10th.

VersaBank Price Performance

Shares of TSE:VBNK opened at C$20.29 on Wednesday. The firm has a market capitalization of C$650.68 million, a PE ratio of 20.92 and a beta of 1.52. The firm’s 50-day moving average is C$20.94 and its two-hundred day moving average is C$19.26. VersaBank has a 1 year low of C$12.25 and a 1 year high of C$23.77.

VersaBank (TSE:VBNK) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. VersaBank had a net margin of 10.04% and a return on equity of 5.89%. The company had revenue of C$36.51 million for the quarter. Analysts expect that VersaBank will post 1.6945127 EPS for the current fiscal 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.