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

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) declared a quarterly dividend on Friday, February 14th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 4.32%. This is an increase from Richmond Mutual Bancorporation’s previous quarterly dividend of $0.14.

Richmond Mutual Bancorporation has raised its dividend by an average of 26.0% per year over the last three years.

Richmond Mutual Bancorporation Price Performance

Shares of RMBI stock opened at $13.90 on Friday. The firm’s 50-day moving average is $13.83 and its two-hundred day moving average is $13.29. Richmond Mutual Bancorporation has a 12 month low of $10.15 and a 12 month high of $15.15. The company has a market capitalization of $151.65 million, a PE ratio of 15.27 and a beta of 0.64.

Richmond Mutual Bancorporation (NASDAQ:RMBI) last issued its earnings results on Thursday, January 23rd. The company reported $0.24 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.