Riverview Bancorp, Inc. : RVSB-US: Dividend Analysis : January 10th, 2017 (record date) : By the numbers : March 3, 2017

Our analysis is based on comparing Riverview Bancorp, Inc. with the following peers – First Financial Northwest, Inc., Banc of California, Inc., Timberland Bancorp, Inc., Washington Federal, Inc., FS Bancorp, Inc., Anchor Bancorp, Territorial Bancorp Inc. and Provident Financial Holdings, Inc. (FFNW-US, BANC-US, TSBK-US, WAFD-US, FSBW-US, ANCB-US, TBNK-US and PROV-US).

Riverview Bancorp, Inc.’s dividend yield is 1.02 percent and its dividend payout is 26.67 percent. This compares to a peer average dividend yield of 2.08 percent and a payout level of 28.57 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 50 out of a possible score of 100 is only about average.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to December 31, 2016), RVSB-US paid a low quality dividend, which represents a yield of 1.02% at the current price.
  • Only one dividend was paid over the last five years — it was also of low quality.
  • The ending cash balance, with a dividend coverage of 8.02x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to December 31, 2016), RVSB-US paid a low quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 9.22x), investing cash flow (coverage of -61.09x), issuance cash flow (coverage of 52.47x) and twelve-month prior cash (coverage of 7.18x), for a total dividend coverage of 9.02x.

RVSB-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -1.16x).

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.

Dividend History

Item 2012-03-31 2013-03-31 2014-03-31 2015-03-31 2016-03-31 Latest
Dividend Yield (%) 0 0 0 0 1.33 1.02
Dividend Payout (%) 0 0 0 5.63 23.21 26.67

A complete list of metrics and analysis is available on the company page.

Company Profile

Riverview Bancorp, Inc. is a savings and loan holding company, which engages in the provision of community banking services. It focuses on providing service and financial products to commercial and retail customers. The company was founded in 1997 and is headquartered in Vancouver, WA.

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