Short Interest in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Drops By 65.0%

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 2,183 shares, a decline of 65.0% from the January 15th total of 6,237 shares. Based on an average daily volume of 5,017 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 5,017 shares, the days-to-cover ratio is currently 0.4 days.

Dime Community Bancshares Stock Down 0.0%

DCOMP stock traded down $0.01 during trading on Thursday, reaching $19.24. The company had a trading volume of 1,898 shares, compared to its average volume of 6,372. The firm has a 50-day simple moving average of $18.53 and a 200-day simple moving average of $19.03. Dime Community Bancshares has a twelve month low of $17.05 and a twelve month high of $20.75.

Dime Community Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.3438 per share. This represents a $1.38 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, February 6th. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25.

About Dime Community Bancshares

Dime Community Bancshares (NASDAQ:DCOMP) is the bank holding company for Dime Community Bank, a commercial bank headquartered in Hauppauge, New York. The company specializes in originating and servicing commercial real estate loans, with a primary focus on income-producing multifamily, office, retail and industrial properties. In addition to its lending activities, Dime Community Bancshares offers deposit products, cash management services and treasury solutions to small and medium-sized businesses as well as individual customers across its branch network.

The roots of Dime Community Bancshares trace back to the Dime Savings Bank of Williamsburgh, founded in 1864.