Northeast Community Bancorp Inc. (NECB) to Distribute Quarterly Dividend of $0.25 on November 13th

Northeast Community Bancorp Inc. (NASDAQ:NECB) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Friday, October 9th will be given a dividend of $0.25 per share by the savings and loans company on Friday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, October 9th.

Northeast Community Bancorp has increased its dividend by an average of 0.5%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Northeast Community Bancorp has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.57 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 28.0%.

Northeast Community Bancorp Price Performance

NECB opened at $26.63 on Friday. The company has a fifty day simple moving average of $26.76 and a 200 day simple moving average of $25.53. The firm has a market cap of $366.70 million, a price-to-earnings ratio of 8.54 and a beta of 0.36. Northeast Community Bancorp has a twelve month low of $19.27 and a twelve month high of $28.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings data on Monday, July 27th. The savings and loans company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Northeast Community Bancorp had a return on equity of 12.00% and a net margin of 27.67%.The firm had revenue of $25.29 million during the quarter, compared to analyst estimates of $25.76 million. Equities research analysts expect that Northeast Community Bancorp will post 3.16 EPS for the current fiscal year.

About Northeast Community Bancorp

Northeast Community Bancorp, Inc is the holding company for NorthEast Community Bank, a community-focused financial institution headquartered in White Plains, New York. The bank traces its roots to 1934 and provides banking services to individuals, families, businesses and nonprofit organizations in the communities it serves.

NorthEast Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential and commercial real estate loans, multifamily and construction financing, home equity loans and other consumer and business credit products.

The company operates through a branch network serving customers in parts of New York and neighboring New England markets.