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VersaBank T.VBNK

Alternate Symbol(s):  VBNK | T.VBNK.P.A

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. It also offers tax-free savings accounts, guaranteed investment certificates, and registered retirement savings plans.


TSX:VBNK - Post by User

Comment by ferret_caon May 26, 2021 5:03pm
149 Views
Post# 33272458

RE:Dividend increase?

RE:Dividend increase?I highly doubt it, they are in the process of still building and growing this company and imho the money is better used for these purposes, there'll be lots of room and time for divy increases down the road, of course this jmho and they could bump it a bit, it's not why I hold this company at this point.
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