Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share
June 28 2024 - 9:00AM
Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the
“Company”) today announced that on June 26, 2024, its Board of
Directors approved a quarterly cash dividend of $0.02 per share,
which is a $0.04 decrease compared to the preceding quarter. The
dividend is payable on July 22, 2024, to shareholders of record as
of July 10, 2024.
“We recognize the importance and impact of the
dividend reduction to all of our shareholders, and it was a
difficult decision. We believe this is the prudent decision as it
allows us to continue to execute on both our short-term and
long-term objectives,” said Gerald L. Nies, Chairman of the
Board.
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 $1.52 billion at March
31, 2024, it is the parent company of the 101-year-old Riverview
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
clients. There are 17 branches, including 13 in the
Portland-Vancouver area and three lending centers. For the past 10
years, Riverview Bank has been named Best Bank by the readers of
The Vancouver Business Journal and The Columbian.
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, 2023. 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:Dan Cox and David LamRiverview Bancorp, Inc.
360-693-6650
Riverview Bancorp (NASDAQ:RVSB)
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