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VANCOUVER, Wash., Oct. 02, 2017 -- Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the “Company”) today announced its Board of Directors has declared a quarterly cash dividend of $0.0225 per share. The dividend will be payable October 24, 2017, to shareholders of record October 13, 2017.
The cash dividend represents a payout of 19% for our first fiscal quarter and a dividend yield of 1.07%.
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 $1.13 billion, it is the parent company of the 94 year-old Riverview Community 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 and retail customers. There are 19 branches, including 14 in the Portland-Vancouver area and three lending centers.
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. 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: Pat Sheaffer or Kevin Lycklama,
Riverview Bancorp, Inc. 360-693-6650
