HALIFAX, Pa., May 16, 2014 (SEND2PRESS NEWSWIRE) -- Riverview Financial Corporation (OTCQB: RIVE) 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.
This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that anticipated cost savings may not be realized, estimated synergies may not occur, increased demand or prices for the corporation's financial services and products may not occur, changing economic and competitive conditions, technological developments and other risks and uncertainties. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of their business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; inability to achieve merger-related synergies; difficulties in integrating distinct business operations, including information technology difficulties; disruption from the transaction making it more difficult to maintain relationships with customers and employees, and challenges in establishing and maintaining operations in new markets; volatilities in the securities markets; and deteriorating economic conditions.
TICKER: OTCMKTS:RIVE / OTCQB:RIVE
This release was issued by the company as noted and not a third party.
NEWS SOURCE: Riverview Financial Corporation :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this press release: https://www.send2press.com/newswire/Riverview-Financial-Corporation-Announces-Second-Quarter-Cash-Dividend_2014-05-0516-002.shtml.