VANCOUVER, Wash., Dec. 21, 2006 (PRIME NEWSWIRE) -- Riverview Bancorp (Nasdaq:RVSB) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share. Including the 2-for-1 stock split issued in August, the cash dividend is up 18% from a year ago. The dividend will be paid on January 15, 2007, to shareholders of record December 31, 2006.
"We are successfully growing our franchise and are delighted that we can share our success with our shareholders in the form of a cash dividend," said Pat Sheaffer, Chairman and CEO. "This is our 37th consecutive quarterly cash dividend and represents a 2.6% yield based on the recent price."
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington -- just north of Portland, Oregon on the I-5 corridor. With assets of $844 million, it is the parent company of the 83 year-old Riverview Community Bank, as well as Riverview Mortgage and Riverview Asset Management Corp. There are 18 branches, including ten in fast growing Clark County, four in the Portland metropolitan area and three lending centers. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers.