VersaBank (TSE:VBNK – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday after the company announced a dividend. The stock traded as high as C$23.87 and last traded at C$23.87, with a volume of 24394 shares traded. The stock had previously closed at C$22.99.

The newly announced dividend which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, April 10th. VersaBank’s dividend payout ratio (DPR) is currently 10.31%.

The company has a market capitalization of C$761.64 million, a PE ratio of 24.48 and a beta of 1.52. The stock has a fifty day moving average of C$20.98 and a two-hundred day moving average of C$19.30.

VersaBank (TSE:VBNK – Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$36.51 million for the quarter. VersaBank had a return on equity of 5.89% and a net margin of 10.04%. Equities analysts forecast that VersaBank will post 1.6945127 EPS for the current year.

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.

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