Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Increases Dividend to $0.15 Per Share

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Wednesday, February 26th will be given a dividend of 0.15 per share on Wednesday, March 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14.

Richmond Mutual Bancorporation has increased its dividend payment by an average of 26.0% annually over the last three years.

Richmond Mutual Bancorporation Stock Down 0.7 %

RMBI stock opened at $13.90 on Friday. Richmond Mutual Bancorporation has a 52 week low of $10.15 and a 52 week high of $15.15. The company has a market cap of $151.65 million, a price-to-earnings ratio of 15.27 and a beta of 0.64. The business has a fifty day simple moving average of $13.83 and a 200-day simple moving average of $13.29.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.24 earnings per share (EPS) for the quarter. Richmond Mutual Bancorporation had a return on equity of 6.97% and a net margin of 10.99%.

Richmond Mutual Bancorporation Company Profile

Richmond Mutual Bancorporation, Inc operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans.