Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Announces Dividend Increase – $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 paid a dividend of 0.15 per share on Wednesday, March 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.32%. This is a boost 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 %

Shares of NASDAQ RMBI opened at $13.90 on Friday. The company’s 50-day simple moving average is $13.83 and its 200-day simple moving average is $13.29. Richmond Mutual Bancorporation has a 52-week low of $10.15 and a 52-week high of $15.15. The firm has a market cap of $151.65 million, a price-to-earnings ratio of 15.27 and a beta of 0.64.

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

About Richmond Mutual Bancorporation

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.