Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share

Rhea-AI Summary

Riverview Bancorp (Nasdaq: RVSB) has declared a quarterly cash dividend of $0.02 per share, maintaining the same amount as the previous quarter. The dividend will be paid on January 2, 2025, to shareholders of record as of January 14, 2025.

The company, headquartered in Vancouver, Washington, operates with assets of $1.55 billion as of September 30, 2024. Riverview operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers, providing banking services to commercial, business, and retail clients.

Positive

• Maintained quarterly dividend payment, showing stable shareholder returns
• Strong asset base of $1.55 billion
• Extensive branch network with 17 locations and 3 lending centers

Negative

• No dividend increase despite market conditions
• Low dividend amount of $0.02 per share indicates conservative capital distribution

News Market Reaction – RVSB

+1.95%

+1.95% Session move

In the trading session that priced this news, RVSB gained 1.95%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on December 17, 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 January 2, 2025, to shareholders of record as of January 14, 2025.

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 $1.55 billion on September 30, 2024, it is the parent company of 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, business 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 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

When will Riverview Bancorp (RVSB) pay its next dividend?

Riverview Bancorp will pay its next dividend of $0.02 per share on January 2, 2025, to shareholders of record as of January 14, 2025.

What is Riverview Bancorp's (RVSB) current quarterly dividend amount?

Riverview Bancorp's current quarterly dividend is $0.02 per share, unchanged from the previous quarter.

What was Riverview Bancorp's (RVSB) total asset value as of September 2024?

Riverview Bancorp reported total assets of $1.55 billion as of September 30, 2024.

How many branches does Riverview Bancorp (RVSB) operate?

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