Northeast Community Bancorp, Inc. (NASDAQ:NECB) Raises Dividend to $0.20 Per Share

Northeast Community Bancorp, Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Monday, April 7th will be paid a dividend of 0.20 per share by the savings and loans company on Tuesday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, April 7th. This is a 33.3% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.15.

Northeast Community Bancorp has raised its dividend payment by an average of 35.2% per year over the last three years. Northeast Community Bancorp has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.9%.

Northeast Community Bancorp Stock Performance

Shares of NECB stock opened at $23.06 on Friday. The company’s fifty day simple moving average is $23.96 and its 200-day simple moving average is $25.48. Northeast Community Bancorp has a 52 week low of $14.84 and a 52 week high of $31.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $323.37 million, a PE ratio of 6.44 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, equities research analysts anticipate that Northeast Community Bancorp will post 3.04 EPS for the current year.

Northeast Community Bancorp Company Profile

Northeast Community Bancorp, Inc operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits.