Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share

Rhea-AI Summary

Riverview Bancorp (Nasdaq GSM: RVSB) has declared a quarterly cash dividend of $0.02 per share, unchanged from the previous quarter. The dividend will be paid on October 18, 2024, to shareholders of record as of October 7, 2024. Riverview Bancorp is the parent company of Riverview Bank and Riverview Trust Company, headquartered in Vancouver, Washington. With assets of $1.54 billion as of June 30, 2024, the company operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. Riverview Bank has been recognized as the Best Bank by readers of The Vancouver Business Journal and The Columbian for the past 10 years.

Positive

• Consistent quarterly dividend of $0.02 per share
• Strong asset base of $1.54 billion as of June 30, 2024
• Extensive branch network with 17 locations and 3 lending centers
• 10-year streak as Best Bank in local publications

Negative

• None.

News Market Reaction

+0.64%

1 alert

+0.64% News Effect

On the day this news was published, RVSB gained 0.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, Wash., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on September 25, 2024, its Board of Directors approved a quarterly cash dividend of $0.02 per share which remained unchanged compared to the preceding quarter. The dividend is payable on October 18, 2024, to shareholders of record as of October 7, 2024.

About Riverview

Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor. With assets of $1.54 billion at June 30, 2024, it is the parent company of the 101-year-old Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 10 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make including those described in 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2024. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

Contacts:		Nicole Sherman and David Lam Riverview Bancorp, Inc. 360-693-6650

FAQ

What is the dividend amount and payment date for Riverview Bancorp (RVSB)?

Riverview Bancorp (RVSB) has declared a quarterly cash dividend of $0.02 per share, payable on October 18, 2024, to shareholders of record as of October 7, 2024.

Has Riverview Bancorp (RVSB) changed its dividend compared to the previous quarter?

No, Riverview Bancorp (RVSB) has maintained its quarterly cash dividend at $0.02 per share, which remains unchanged compared to the preceding quarter.

What were Riverview Bancorp's (RVSB) total assets as of June 30, 2024?

Riverview Bancorp (RVSB) reported total assets of $1.54 billion as of June 30, 2024.

How many branches does Riverview Bancorp (RVSB) operate?

Riverview Bancorp (RVSB) operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers.