Achieving Growth and Investor Rewards: Riverview Bancorp Flourishes with Strong Performance and Rising Profits
Portfolio Pulse from Benzinga Insights
Riverview Bancorp (NASDAQ:RVSB) is set to distribute a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 4.28%. The company has seen a notable growth in its dividend per share from $0.18 in 2019 to $0.23 in 2022. The earnings per share also increased from $0.76 in 2019 to $0.89 in 2022. When compared to its industry peers, Riverview Bancorp's dividend yield is in the middle, with United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 6.68%.
October 23, 2023 | 3:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
United Security has the highest annualized dividend yield among its peers, including Riverview Bancorp.
While United Security is mentioned in the article, the news does not provide any specific information that could directly impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Riverview Bancorp's dividend payout and growth in earnings per share indicate a strong financial position, which could attract income-seeking investors.
The company's decision to distribute dividends and the growth in earnings per share suggest a strong financial position. This could potentially attract more investors, leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100