Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information and Holders
The Company’s common stock is traded on the Nasdaq Global Market under the symbol “RVSB.” At June 12, 2025, there were 524 stockholders of record and an estimated 2,598 holders in nominee or “street name” through various brokerage firms.
Dividends
Riverview has historically paid cash dividends to its common shareholders. Payments of future cash dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including our business, operating results and financial condition, capital requirements, current and anticipated cash needs, plans for expansion, any legal or contractual limitation on our ability to pay dividends and other relevant factors including required payments on our trust preferred securities. During fiscal 2025, our Board of Directors declared regular quarterly dividends of $0.02 per share. No assurances can be given that any dividends will be paid or that, if paid, will not be reduced or eliminated in future periods. Dividends on common stock from Riverview depend substantially upon receipt of dividends from the Bank, which is Riverview’s predominant source of income. Management’s projections show an expectation that cash dividends will continue for the foreseeable future.
Purchases of Equity Securities by the Issuer and Affiliated Purchases
The following table sets forth the Company’s repurchases of its outstanding common stock for the quarter ended March 31, 2025:
Total Number of
Maximum Dollar Value
Total
Average
Shares Purchased
of Shares that
Number of
Price
as Part of Publicly
May Yet Be Purchased
Shares
Paid per
Announced Stock
Under the Stock
Period
Purchased
Share
Repurchase Program
Repurchase Program
January 1, 2025 - January 31, 2025
143,798
$
5.70
143,798
$
83,771
February 1, 2025 - February 29, 2025
14,760
5.68
14,760
—
March 1, 2025 - March 31, 2025
—
—
—
—
Total
158,558
$
5.70
158,558
$
—
On September 26, 2024, the Company’s Board of Directors announced the adoption of a stock repurchase program (the “September 2024 repurchase program”), authorizing the Company to purchase up to $2.0 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. The September 2024 repurchase program became effective on October 29, 2024 and was set to continue until the earlier of the completion of the repurchase limit or 12 months after the effective date, depending upon market conditions. The Company completed the September 2024 repurchase program on February 5, 2025, having repurchased a total of 358,631 shares at an average price of $5.58 per share and at a total cost of $2.0 million. All shares repurchased under the September 2024 repurchase program were retired as settled.
Equity Compensation Plan Information
The equity compensation plan information presented in Part III, Item 12 of this Form 10-K is incorporated herein by reference.
Item 6. [Reserved]
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