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

Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly dividend on Monday, December 23rd,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%.

Riverview Bancorp has increased its dividend payment by an average of 6.3% annually 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 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 Riverview Bancorp stock opened at $5.76 on Tuesday. The stock has a market cap of $121.36 million, a price-to-earnings ratio of 115.20 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.51. The firm’s 50-day moving average is $5.17 and its 200 day moving average is $4.65.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. Sell-side analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Riverview Bancorp in a research note on Tuesday, December 17th. 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.