Dime Community Bancshares, Inc. Plans Quarterly Dividend of $0.25 (NASDAQ:DCOM)

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend on Thursday, June 25th. Investors of record on Friday, July 17th will be given a dividend of 0.25 per share by the savings and loans company on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 17th.

Dime Community Bancshares has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Stock Performance

Dime Community Bancshares stock opened at $39.86 on Friday. Dime Community Bancshares has a twelve month low of $25.63 and a twelve month high of $40.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.76 billion, a P/E ratio of 16.89 and a beta of 1.00. The stock’s 50 day moving average is $37.38 and its 200 day moving average is $34.38.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.