HALIFAX, Pa. /eNewsChannels/ — NEWS: Riverview Financial Corporation (OTCQB:RIVE) today announced that on May 14, 2014 its Board of Directors declared the payment of a cash dividend of $0.14 per share for the second quarter 2014, an increase of 12 percent as compared with the $0.125 cash dividend paid for the second quarter of 2013. The dividend is payable on June 30, 2014 to all shareholders of record as of June 6, 2014.
Robert M. Garst, Chief Executive Officer stated, “We are pleased to announce the increase in the amount of our second quarter dividend to $0.14 per share. The dividend increase is our way of sharing our financial success and enhancing shareholder value. The decision to increase the second quarter dividend was based upon Riverview’s strong financial results for the first quarter of 2014. In addition, our intention for 2014 is to ‘even out’ the quarterly dividend payments over the course of the year in order to avoid the historical spike in the payment of our fourth quarter dividend, while attempting to maintain a consistent dividend payout year over year.”
Riverview Financial Corporation, with consolidated assets of $434.2 million at March 31, 2014, is the bank holding company for its wholly owned subsidiary, Riverview Bank, which serves the communities of Berks, Cumberland, Dauphin, Perry, Northumberland and Schuylkill Counties in Pennsylvania through its branch offices and Wealth Management division.
The symbol for Riverview Financial Corporation’s common stock is “RIVE” – which trades on the OTCQB market.
More information: http://www.riverviewbankpa.com/ .
CONTACT: Robert M. Garst, Chief Executive Officer, 717-957-2196.
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