Northeast Community Bancorp Inc. (NASDAQ:NECB) Announces Quarterly Dividend of $0.25

Northeast Community Bancorp Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.25 per share by the savings and loans company on Thursday, August 6th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 25.0% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20.

Northeast Community Bancorp has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 2 years. Northeast Community Bancorp has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northeast Community Bancorp to earn $3.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.1%.

Northeast Community Bancorp Stock Up 1.1%

Shares of NASDAQ NECB opened at $25.74 on Friday. The firm has a fifty day simple moving average of $24.58 and a two-hundred day simple moving average of $23.84. Northeast Community Bancorp has a 12 month low of $19.27 and a 12 month high of $26.14. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $355.47 million, a PE ratio of 7.99 and a beta of 0.36.

Northeast Community Bancorp (NASDAQ:NECB) last announced its earnings results on Thursday, April 30th. The savings and loans company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). Northeast Community Bancorp had a net margin of 28.16% and a return on equity of 12.62%. The company had revenue of $24.93 million for the quarter, compared to the consensus estimate of $26.42 million. Equities analysts expect that Northeast Community Bancorp will post 3.25 earnings per share for the current year.

About Northeast Community Bancorp

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.