The latest announcement is out from Versabank ( (TSE:VBNK) ).
VersaBank has declared a cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2025. This announcement underscores the bank’s commitment to providing shareholder value and reflects its strong financial position, bolstered by its innovative business model and recent market expansions.
More about Versabank
VersaBank is a North American bank with a branchless, digital, business-to-business model, leveraging proprietary technology to serve underserved banking segments with reduced risk. It operates primarily through electronic transactions and financial intermediaries, enhancing efficiency and return on equity. The bank recently expanded its Receivable Purchase Program to the U.S. market and owns DRT Cyber Inc., a leader in cybersecurity services.
YTD Price Performance: -13.81%
Average Trading Volume: 131,422
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $391.2M
Learn more about VBNK stock on TipRanks’ Stock Analysis page.