HARRISBURG, PA, November 9, 2018 / PRNewswire /
On November 8, 2018, the Board of Directors of Riverview Financial Corporation (NASDAQ: RIVE) declared a cash dividend of $0.10 per share for the fourth quarter of 2018. The dividend is payable December 31, 2018 to shareholders of record as of December 14, 2018.
Kirk D. Fox, Chief Executive Officer stated, Based on continued stability in earning results in the latest quarter, we are pleased to declare a dividend for the fourth quarter of 2018 which represents an annualized yield of 3.1% based on the closing price of our stock on the dividend declaration date. It is our goal to continue to pay a reasonable dividend without disrupting the delicate balance we must maintain between the payment of a dividend to shareholders and remaining a well-capitalized institution, which is critical in our dedicated efforts to continue building long term value for shareholders. Riverview Financial Corporation is the parent company of Riverview Bank and its operating divisions Citizens Neighborhood Bank, CBT Bank, Riverview Wealth Management and CBT Financial and Trust Management. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset Counties through 30 community banking offices and three limited purpose offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Wealth Management and Trust divisions, with assets under management exceeding $350 million, provide trust and investment advisory services to the general public. Riverviews business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely decision making, flexible and reasonable operating procedures and consistently applied credit policies. The Companys common stock trades on the NASDAQ Global Market under the symbol RIVE. The Investor Relations site can be accessed at https://www.riverviewbankpa.com/. …
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Source: US SEC
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