Riverview Bank reinstates cash dividend

Riverview Bancorp Inc. announced on Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.01125 per share. The dividend will be payable April 21, 2015, to shareholders of record April 13, 2015.

“We are pleased to be able to resume paying a quarterly cash dividend to our shareholders, who have been very loyal over the years,” said Pat Sheaffer, Riverview Community Bank chairman and CEO, in a press release. “The cash dividend reflects Riverview’s commitment to return value to its shareholders. It is also a testament to the strength of the core banking activities and financial performance of our franchise. The cash dividend represents a payout of 23% for our third fiscal quarter and a dividend yield of 1.01 percent.”

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