Vancouver-based Riverview Bancorp, the parent company of Riverview Community Bank, declared a quarterly cash dividend of $0.02 per share on Monday.
The payout represents a 1.49 percent yield, the company wrote in an email. The dividend will be payable Oct. 25 to shareholders of record on Oct. 16.
Riverview, traded as RVSB, ended Monday at $5.47, up $0.09.
Last week, Riverview Bancorp announced it has agreed to buy MBank, based in Gresham, Ore., acquiring $130 million in net loans and $128 million in customer deposits.
The transaction is expended to close by the end of March 2017.
