Versabank (TSE:VB) to Issue Quarterly Dividend of $0.01

Versabank (TSE:VB) announced a quarterly dividend on Wednesday, November 29th, Zacks reports. Shareholders of record on Friday, January 5th will be paid a dividend of 0.01 per share on Wednesday, January 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, January 4th.

Shares of Versabank (VB) opened at C$7.10 on Friday. The stock has a market cap of $149.98, a price-to-earnings ratio of 11.09 and a beta of 1.66. Versabank has a twelve month low of C$4.27 and a twelve month high of C$7.25.

In related news, Director Patrick George bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average price of C$5.80 per share, with a total value of C$58,000.00. Insiders have bought a total of 21,685 shares of company stock worth $129,474 in the last ninety days.

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Versabank Company Profile

VersaBank, a schedule I bank, provides banking products and services using an electronic branchless model in Canada. It offers savings and investment products through a network of financial advisors and deposit brokers, such as guaranteed investment certificates, tax-free savings accounts, savings, and registered retirement savings plans.

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