Unleashing Growth Potential: Riverview Bancorp Surpasses Expectations with Strong Performance and Increasing Profits
By the close of today, January 16, 2024, Riverview Bancorp (NASDAQ:RVSB) will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 3.75%. Only those investors who owned the stock prior to the ex-dividend date on January 04, 2024 will receive this payout.
Riverview Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-04 | 4 | $0.06 | 3.75% | 2023-12-20 | 2024-01-05 | 2024-01-16 |
| 2023-10-11 | 4 | $0.06 | 4.28% | 2023-09-27 | 2023-10-12 | 2023-10-23 |
| 2023-07-10 | 4 | $0.06 | 4.8% | 2023-06-28 | 2023-07-11 | 2023-07-24 |
| 2023-04-06 | 4 | $0.06 | 4.43% | 2023-03-22 | 2023-04-10 | 2023-04-20 |
| 2023-01-03 | 4 | $0.06 | 3.19% | 2022-12-21 | 2023-01-04 | 2023-01-16 |
| 2022-10-12 | 4 | $0.06 | 3.88% | 2022-09-28 | 2022-10-13 | 2022-10-24 |
| 2022-07-07 | 4 | $0.06 | 3.7% | 2022-06-23 | 2022-07-08 | 2022-07-21 |
| 2022-04-08 | 4 | $0.06 | 2.91% | 2022-03-29 | 2022-04-11 | 2022-04-21 |
| 2022-01-04 | 4 | $0.06 | 2.92% | 2021-12-15 | 2022-01-05 | 2022-01-17 |
| 2021-10-06 | 4 | $0.06 | 3.07% | 2021-09-22 | 2021-10-07 | 2021-10-19 |
| 2021-07-08 | 4 | $0.05 | 2.98% | 2021-06-25 | 2021-07-09 | 2021-07-22 |
| 2021-04-07 | 4 | $0.05 | 2.92% | 2021-03-24 | 2021-04-08 | 2021-04-21 |
Riverview Bancorp's dividend yield falls in the middle range when compared to its industry peers, with United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 6.10%.
Analyzing Riverview Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.20 in 2020 to $0.24 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Riverview Bancorp
From 2020 to 2023, Riverview Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $0.44 to $0.63. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Riverview Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.06 per share, leading to an annualized dividend yield of 3.75%.
Riverview Bancorp's dividend yield falls in the middle range when compared to its industry peers, with United Security having the highest annualized dividend yield at 6.10%.
The upward trend in dividend per share and earnings per share for Riverview Bancorp from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.