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 December 31, 2012. The annualized rate of the dividend reflects $0.84 per share. For the benefit of our shareholders due to an anticipated rise in taxes on dividend income in 2013, the Corporation has chosen to advance the “normal” dividend cycle and have this particular dividend paid in 2012. The dividend record date will be as of December 17, 2012 and will be payable on December 31, 2012. This dividend represents the sixty-second consecutive dividend paid by the Corporation. River Valley Bancorp/River Valley Financial Bank is based in Madison, Indiana and has twelve bank locations. With the acquisition/merger with Dupont State Bank on November 9, 2012 the Bank has locations in Madison, Hanover, Charlestown, Sellersburg, Floyds Knobs, New Albany, Dupont, North Vernon, and Seymour Indiana area. Another 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.