Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) to Issue $0.14 Quarterly Dividend

Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.14 per share on Thursday, December 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, December 5th.

Richmond Mutual Bancorporation has increased its dividend by an average of 55.1% annually over the last three years.

Richmond Mutual Bancorporation Stock Performance

Shares of NASDAQ:RMBI traded up $0.32 during midday trading on Friday, reaching $13.90. The company had a trading volume of 20,417 shares, compared to its average volume of 12,232. The company has a fifty day simple moving average of $13.05 and a two-hundred day simple moving average of $12.32. The firm has a market cap of $151.65 million, a price-to-earnings ratio of 15.79 and a beta of 0.64. Richmond Mutual Bancorporation has a 1-year low of $10.11 and a 1-year high of $13.98.

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.