Riverview Bancorp, Inc. (NASDAQ:RVSB) Declares Quarterly Dividend of $0.02

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.02 per share by the savings and loans company on Friday, October 18th. This represents a $0.08 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, October 7th.

Riverview Bancorp has raised its dividend by an average of 6.3% annually over the last three years. Riverview Bancorp has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.35 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 22.9%.

Riverview Bancorp Price Performance

Riverview Bancorp stock traded up $0.03 during midday trading on Friday, hitting $4.72. The company’s stock had a trading volume of 22,356 shares, compared to its average volume of 27,232. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. The stock’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.32. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57. The company has a market capitalization of $99.59 million, a PE ratio of 26.22 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The company had revenue of $17.77 million for the quarter, compared to analyst estimates of $12.20 million. Analysts anticipate that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Riverview Bancorp in a research note on Tuesday. They issued a “hold” rating for the company.

Riverview Bancorp Company Profile

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.