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

Riverview Bancorp, Inc. (NASDAQ:RVSB) announced a quarterly dividend on Wednesday, December 18th,RTT News reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.02 per share by the savings and loans company on Tuesday, January 14th. This represents a $0.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, January 2nd.

Riverview Bancorp has raised its dividend payment by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Riverview Bancorp to earn $0.30 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 26.7%.

Riverview Bancorp Stock Down 0.5 %

Shares of NASDAQ RVSB opened at $5.75 on Tuesday. The business has a fifty day moving average of $5.28 and a two-hundred day moving average of $4.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.51. The stock has a market cap of $121.15 million, a PE ratio of 115.00 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The company had revenue of $18.78 million for the quarter, compared to analyst estimates of $12.20 million. As a group, equities research analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Riverview Bancorp in a research note on Wednesday, December 25th. They set a “hold” rating on the stock.

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.