River Valley Bancorp (NASDAQ: RIVR), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank (the “Bank”), based in Madison, Indiana announced today that it has declared a cash dividend of $0.21 per share of its Common Stock for the quarter ending September 30, 2011. The annualized rate of the dividend reflects $0.84 per share. The dividend record date will be as of September 30, 2011 and will be payable on October 14, 2011. This dividend represents the fifty-seventh consecutive dividend paid by the Corporation. River Valley Bancorp/River Valley Financial Bank is based in Madison, Indiana and has nine bank locations in the Madison, Hanover, Charlestown, Sellersburg, Floyds Knobs, and New Albany Indiana area. A tenth office is located in Carrollton, KY.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. River Valley Bancorp presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.