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 level 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 level as the previous quarter. The dividend will be paid on April 25, 2025, to shareholders of record as of April 14, 2025.
The Vancouver, Washington-based company, with assets of $1.51 billion as of December 31, 2024, operates through its subsidiaries Riverview Bank and Riverview Trust Company. The bank serves commercial, business, and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. Notably, Riverview has been recognized as Best Bank by The Vancouver Business Journal and The Columbian for 11 consecutive years.
Positive
- Maintained consistent quarterly dividend of $0.02 per share
- Strong local market presence with 17 branches and 3 lending centers
- Substantial asset base of $1.51 billion
- 11-year streak of 'Best Bank' recognition in local markets
Negative
- No dividend increase despite market conditions
- geographic diversification with focus mainly in Portland-Vancouver area
Details
News Market Reaction – RVSB
The recorded move for RVSB in the trading session of this news was -3.12%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, Wash., April 02, 2025 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on March 27, 2025, 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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