VANCOUVER, Wash., Sept. 18, 2008 (GLOBE NEWSWIRE) -- Riverview Bancorp (Nasdaq:RVSB) today announced that its Board of Directors declared a quarterly cash dividend of $0.045 per share. The dividend will be paid on October 15, 2008, to shareholders of record September 30, 2008. This is the 44th consecutive quarterly cash dividend and represents an annualized yield of 2.91% based on the recent stock price.
The company plans to report second fiscal quarter 2009 results after the market closes on October 20, 2008.
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington - just north of Portland, Oregon on the I-5 corridor. With assets of $885 million, it is the parent company of the 85 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, three in the Portland metropolitan area and four lending centers. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers.