Riverview Bancorp's most recent quarterly dividend payment of $0.06 per share was made to shareholders on record before Jul 10, 2023. The payout stands at $0.24 per share annually, which works out to a dividend yield of 4.32%.
RVSB has a dividend yield of 4.32% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.73%, Riverview Bancorp's dividend yield is 16% higher. The current dividend yield is more than the historical average of 3.1% of the last 5 years.
Riverview Bancorp has a dividend history dating as far as 1996, but lately the company has been paying dividends for the last eight consecutive years. According to our data RVSB has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 7% for the last year. And since the stock price has gone down by 12% from a year ago, the dividend yield has increased by 22%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 10, 2023 | Jul 24, 2023 | Jun 28, 2023 | $0.06 | normal |
| Apr 6, 2023 | Apr 20, 2023 | Mar 22, 2023 | $0.06 | normal |
| Jan 3, 2023 | Jan 16, 2023 | Dec 21, 2022 | $0.06 | normal |
| Oct 12, 2022 | Oct 24, 2022 | Oct 3, 2022 | $0.06 | normal |
| Jul 7, 2022 | Jul 21, 2022 | Jun 23, 2022 | $0.06 | normal |
| Apr 8, 2022 | Apr 21, 2022 | Mar 29, 2022 | $0.055 | normal |
| Jan 4, 2022 | Jan 17, 2022 | Dec 15, 2021 | $0.055 | normal |
| Oct 6, 2021 | Oct 19, 2021 | Sep 22, 2021 | $0.055 | normal |
| Jul 8, 2021 | Jul 22, 2021 | Jun 25, 2021 | $0.05 | normal |
| Apr 7, 2021 | Apr 21, 2021 | Mar 26, 2021 | $0.05 | normal |
| Jan 4, 2021 | Jan 18, 2021 | Dec 16, 2020 | $0.05 | normal |
| Oct 7, 2020 | Oct 20, 2020 | Sep 23, 2020 | $0.05 | normal |
| Jul 8, 2020 | Jul 22, 2020 | Jun 26, 2020 | $0.05 | normal |
| Apr 8, 2020 | Apr 22, 2020 | Mar 25, 2020 | $0.05 | normal |
| Jan 8, 2020 | Jan 21, 2020 | Dec 18, 2019 | $0.05 | normal |
| Oct 10, 2019 | Oct 25, 2019 | Sep 25, 2019 | $0.045 | normal |
| Jul 11, 2019 | Jul 23, 2019 | Jun 26, 2019 | $0.045 | normal |
| Apr 10, 2019 | Apr 23, 2019 | Mar 27, 2019 | $0.04 | normal |
| Jan 7, 2019 | Jan 22, 2019 | Dec 19, 2018 | $0.04 | normal |
| Oct 11, 2018 | Oct 23, 2018 | Sep 26, 2018 | $0.035 | normal |
| Jul 12, 2018 | Jul 24, 2018 | Jun 27, 2018 | $0.035 | normal |
| Apr 12, 2018 | Apr 24, 2018 | Mar 28, 2018 | $0.03 | normal |
| Jan 5, 2018 | Jan 23, 2018 | Dec 20, 2017 | $0.03 | normal |
| Oct 12, 2017 | Oct 24, 2017 | Oct 2, 2017 | $0.023 | normal |
| Jul 12, 2017 | Jul 25, 2017 | Jun 28, 2017 | $0.023 | normal |
| Apr 7, 2017 | Apr 25, 2017 | Mar 22, 2017 | $0.02 | normal |
| Jan 6, 2017 | Jan 24, 2017 | Dec 21, 2016 | $0.02 | normal |
| Oct 12, 2016 | Oct 25, 2016 | Oct 3, 2016 | $0.02 | normal |
RVSB has a payout ratio of 31.6% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 33.5%, Riverview Bancorp's payout ratio is 6% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TBNK Territorial Bancorp Inc | 10.33% | $0.92 | 73% |
| RVSB Riverview Bancorp Inc | 4.36% | $0.24 | 31.6% |
| PROV Provident Financial Holdings Inc | 4.28% | $0.56 | 46.7% |
| FFNW First Financial Northwest Inc | 4.01% | $0.51 | 42.9% |
| WAFD Washington Federal Inc | 3.89% | $0.99 | 24.3% |
| TSBK Timberland Bancorp Inc | 3.39% | $0.91 | 27.2% |
| FSBW FS Bancorp Inc | 3.28% | $0.95 | 22.1% |
| BANC Banc Of California Inc | 2.99% | $0.36 | 25.5% |
Yes, Riverview Bancorp has paid four dividends in the last 12 months. RVSB has been paying dividends since 2016.
Currently RVSB's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in October 2023.
Riverview Bancorp's last dividend ex-date was on Jul 10, 2023. The dividend amount was $0.06 per share.
RVSB has paid dividend of $0.24 per share in the last year.
Currently Riverview Bancorp's dividend yield is 4.32%.
Riverview Bancorp pays four dividends per year.
Riverview Bancorp's dividend payout ratio is 31.6%.
Riverview Bancorp's dividend yield is more than the Financial Services sector average.