VersaBank (TSE:VBNK) Declares Quarterly Dividend of $0.03

VersaBank (TSE:VBNKGet Free Report) declared a quarterly dividend on Friday, July 10th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.025 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, July 10th.

VersaBank Stock Performance

Shares of TSE:VBNK opened at C$30.90 on Wednesday. The firm’s 50 day simple moving average is C$26.52 and its 200-day simple moving average is C$23.14. VersaBank has a one year low of C$13.92 and a one year high of C$34.00. The firm has a market cap of C$994.86 million, a PE ratio of 32.87 and a beta of 1.59.

VersaBank (TSE:VBNKGet Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$38.29 million for the quarter. VersaBank had a return on equity of 5.64% and a net margin of 9.34%. Equities research analysts predict that VersaBank will post 1.6945127 EPS for the current fiscal year.

About VersaBank

(Get Free Report)

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

Further Reading

Dividend History for VersaBank (TSE:VBNK)

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