Originally published November 23, 2013
River Valley declares
special cash dividend
Monday, November 25, 2013 8:00 AM
River Valley Bancorp has declared a "special" cash dividend of 21 cents per share of its common stock. This dividend is in addition to the normal fourth quarter dividend that the corporation expects to declare in December, 2013.
Matthew P. Forrester, president and CEO of River Valley Bancorp said, "Throughout the recession, the corporation was able to pay a consistent return. Given the length of time and the financial results achieved since then, this special non-recurring dividend is not only an acknowledgment of that performance, but an appropriate reward to our shareholders."
The dividend record date will be as of Nov. 29, 2013 and will be payable on Dec. 13, 2013. This dividend represents a one-time payment outside of the annualized rate of 84 cents per share. This payment will represent the 66th consecutive dividend paid by the Corporation.