Riverview Bancorp Inc (NASDAQ:RVSB) Stock to Pay Quarterly Dividend of $0.02

Riverview Bancorp Inc (NASDAQ:RVSB) announced a quarterly dividend on Friday, September 25th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.02 per share by the savings and loans company on Tuesday, October 20th. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 9th.

Riverview Bancorp has decreased its dividend payment by an average of 0.2%annually over the last three years. Riverview Bancorp has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Riverview Bancorp to earn $0.37 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 21.6%.

Riverview Bancorp Stock Down 2.2%

RVSB stock opened at $5.86 on Wednesday. The firm’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $5.48. The company has a market capitalization of $116.91 million, a P/E ratio of -30.84 and a beta of 0.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. Riverview Bancorp has a 12 month low of $4.88 and a 12 month high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. As a group, equities research analysts forecast that Riverview Bancorp will post 0.28 earnings per share for the current year.

About Riverview Bancorp

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and nonprofit organizations.

Riverview Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans, home equity products and consumer loans.