As the day concludes, Riverview Bancorp RVSB is preparing to distribute a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 4.80%. This payout is exclusive to investors who held the stock before the ex-dividend date on July 10, 2023.
Riverview Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-01-04 | 4 | $0.05 | 3.92% | 2020-12-22 | 2021-01-05 | 2021-01-18 |
| 2020-10-07 | 4 | $0.05 | 5.24% | 2020-09-23 | 2020-10-08 | 2020-10-20 |
When comparing Riverview Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security UBFO having the highest annualized dividend yield at 6.94%.
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
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.18 in 2019 to $0.23 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Riverview Bancorp
Investors can observe a growth in earnings for Riverview Bancorp from 2019 to 2022, as earnings per share increased from $0.76 to $0.89. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article takes an in-depth look at Riverview Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.06 per share today, translating to an annualized dividend yield of 4.80%.
When comparing Riverview Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security having the highest annualized dividend yield at 6.94%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Riverview Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
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