VersaBank (TSE:VBNK) Announces $0.03 Quarterly Dividend

Key Points

• VersaBank has declared a quarterly dividend of $0.03, which will be paid to shareholders on October 31 for those on record as of the same date.
• The bank's stock opened at C$17.50, with a market capitalization of C$562.94 million and a price-to-earnings ratio of 18.62.
• VersaBank operates various banking services in Canada and the U.S., including deposit products, lending services, and commercial financing.

VersaBank (TSE:VBNK - Get Free Report) declared a quarterly dividend on Friday, October 10th, TickerTech Dividends reports. Investors of record on Friday, October 31st will be paid a dividend of 0.025 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 10th.

VersaBank Stock Up 0.1%

Shares of TSE:VBNK opened at C$17.50 on Wednesday. The company has a market capitalization of C$562.94 million, a price-to-earnings ratio of 18.62 and a beta of 0.96. VersaBank has a 52 week low of C$12.18 and a 52 week high of C$25.75. The firm has a 50 day moving average of C$16.02 and a 200 day moving average of C$15.48.

VersaBank Company Profile

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages.

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