Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share
Riverview Bancorp (Nasdaq: RVSB) has declared a quarterly cash dividend of $0.02 per share, maintaining the same amount as the previous quarter.
Sentiment and the balance of points
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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
Details
News Market Reaction – RVSB
The recorded move for RVSB in the trading session of this news was +1.95%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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 |
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