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

Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared 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 yield of 2.5%. The ex-dividend date of this dividend is Friday, July 17th.

Dime Community Bancshares has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

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

About Dime Community Bancshares

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.