Riverview Bancorp, the Vanouver-based corporate parent of Riverview Community Bank, on Friday announcd a quarterly cash dividend of $0.0125 per share. The dividend will be payable July 20 to shareholders of record on July 8.
“Issuing cash dividends is an important way for us to reward our shareholders, who have been very loyal over the years,” said Pat Sheaffer, the bank’s chairman and CEO, in a statement.
The cash dividend represents a payout of 18 percent for Riverview’s fourth fiscal quarter and a dividend yield of 1.17 percent, he said.
