Bridge Bancorp, Inc. Announces Second Quarter 2020 Dividend

Bridge Bancorp, Inc. (NASDAQ: BDGE) has announced a quarterly dividend of $0.24 per share, which will be paid on July 27, 2020, to shareholders on record as of July 20, 2020.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

Bridge Bancorp, Inc. (NASDAQ: BDGE) has announced a quarterly dividend of $0.24 per share, which will be paid on July 27, 2020, to shareholders on record as of July 20, 2020. This declaration continues the company's pattern of uninterrupted dividends. Bridge Bancorp operates under BNB Bank, which has approximately $6.1 billion in assets and serves the Long Island and greater New York metropolitan area through its 39 branches.

Positive

Quarterly dividend declared at $0.24 per share, showing commitment to shareholder returns.
Uninterrupted dividend payments indicate stable financial health.

Negative

None.

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-4.09% session move Open Argus

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News Market Reaction – BDGE

The recorded move for BDGE in the trading session of this news was -4.09%.

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07/06/2020 - 04:15 PM EDT

BRIDGEHAMPTON, N.Y., July 06, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (the “Company”) (NASDAQ®: BDGE), the holding company for BNB Bank (“BNB”), announced the declaration of a quarterly dividend of $0.24 per share. The dividend will be payable on July 27, 2020 to shareholders of record as of July 20, 2020. The Company continues its trend of uninterrupted dividends.

About Bridge Bancorp, Inc.
Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. Established in 1910, BNB, with assets of approximately $6.1 billion, operates 39 branch locations serving Long Island and the greater New York metropolitan area. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. Title insurance services are offered through BNB's wholly-owned subsidiary, Bridge Abstract. Bridge Financial Services, Inc., a wholly-owned subsidiary of BNB, offers financial planning and investment consultation. For more information visit www.bnbbank.com.

BNB has a rich tradition of involvement in the community, supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts.

Contact: John M. McCaffery
Executive Vice President
Chief Financial Officer
(631) 537-1000, ext. 7290

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Bridge Bancorp (BDGE)?

The dividend amount is $0.24 per share.

When is the dividend payment date for BDGE?

The dividend will be paid on July 27, 2020.

What is the record date for the dividend for BDGE?

The record date is July 20, 2020.

Is the dividend from BDGE sustainable?

The continuous payment of dividends suggests a strong commitment to shareholders.

Bridge Bancorp, Inc. Announces Second Quarter 2020 Dividend