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

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) declared a quarterly dividend on Monday, December 23rd,RTT News reports. Shareholders of record on Thursday, January 2nd will be given 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 yield of 1.39%.

Riverview Bancorp has raised its dividend by an average of 6.3% per year over the last three years. Riverview Bancorp has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NASDAQ:RVSB traded up $0.11 during trading on Monday, reaching $5.76. 167,214 shares of the stock were exchanged, compared to its average volume of 29,225. The firm has a market cap of $121.36 million, a PE ratio of 115.20 and a beta of 0.81. The stock has a 50-day moving average price of $5.17 and a 200-day moving average price of $4.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.51.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a report on Tuesday, December 17th. They issued a "hold" rating for the company.

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.