Richmond Mutual Bancorporation to Pay Dividend of $0.15, Yielding 4.5%

Richmond Mutual Bancorporation will pay a dividend of $0.15 on December 18th. The dividend yield is 4.5%, above the industry average. The company has a history of paying dividends, with a track record of 6 years and a payout ratio of 54%. EPS is expected to grow by 8.4% over the next 12 months, and the future payout ratio is projected to be 63%, making the dividend sustainable. The dividend has been growing rapidly, but caution is advised due to its short payment history.