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

Key Points

• Riverview Bancorp Inc (NASDAQ:RVSB) has declared a quarterly dividend of $0.02 per share, with a dividend yield of 1.5% for investors.
• The company reported a payout ratio of 19.0%, indicating that its dividend is well-covered by earnings and expects a future payout ratio of 33.3% as forecasted earnings rise.
• As of the latest trading session, Riverview Bancorp shares traded at $5.35, with a 52-week range between $4.45 and $6.59.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) declared a quarterly dividend on Monday, September 29th, RTT News reports. Stockholders of record on Thursday, October 9th will be paid a dividend of 0.02 per share by the savings and loans company on Monday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%.

Riverview Bancorp has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.24 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 33.3%.

Riverview Bancorp Stock Performance

Shares of RVSB traded down $0.05 during midday trading on Monday, reaching $5.35. The stock had a trading volume of 128,456 shares, compared to its average volume of 75,074. The firm has a 50 day simple moving average of $5.08 and a 200-day simple moving average of $5.49. Riverview Bancorp has a one year low of $4.45 and a one year high of $6.59. The firm has a market cap of $112.08 million, a PE ratio of 22.29 and a beta of 0.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The savings and loans company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. The company had revenue of $13.27 million during the quarter, compared to the consensus estimate of $13.30 million. As a group, sell-side analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current year.

About Riverview Bancorp

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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