Published on 5 Apr 2024 on Simply Wall St. via Yahoo Finance
Four Days Left To Buy Riverview Bancorp, Inc. (NASDAQ:RVSB) Before The Ex-Dividend Date
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Riverview Bancorp, Inc. (NASDAQ:RVSB) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Riverview Bancorp's shares before the 10th of April to receive the dividend, which will be paid on the 22nd of April.
The company's upcoming dividend is US$0.06 a share, following on from the last 12 months, when the company distributed a total of US$0.24 per share to shareholders. Based on the last year's worth of payments, Riverview Bancorp stock has a trailing yield of around 5.2% on the current share price of US$4.60. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Riverview Bancorp