Bridge Bancorp, Inc. Announces Third Quarter 2020 Dividend

Bridge Bancorp, Inc. (NASDAQ: BDGE) has declared a quarterly dividend of $0.24 per share, set to be paid on October 30, 2020 to shareholders on record as of October 23, 2020.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

Bridge Bancorp, Inc. (NASDAQ: BDGE) has declared a quarterly dividend of $0.24 per share, set to be paid on October 30, 2020 to shareholders on record as of October 23, 2020. This maintains the company's trend of uninterrupted dividends. With approximately $6.2 billion in assets and 39 branch locations, BNB Bank provides various financial services and products. Established in 1910, the bank is dedicated to supporting local communities through various initiatives.

Positive

Quarterly dividend of $0.24 per share indicates company confidence and commitment to returning value to shareholders.
Uninterrupted dividend history reinforces investor trust.

Negative

None.

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News Market Reaction – BDGE

The recorded move for BDGE in the trading session of this news was +1.55%.

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10/09/2020 - 04:15 PM EDT

BRIDGEHAMPTON, N.Y., Oct. 09, 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 October 30, 2020 to shareholders of record as of October 23, 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 $6.2 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 BDGE?

The dividend amount for BDGE is $0.24 per share.

When will BDGE's dividend be paid?

BDGE's dividend will be paid on October 30, 2020.

What is the record date for BDGE's dividend?

The record date for BDGE's dividend is October 23, 2020.

How often does BDGE pay dividends?

BDGE pays dividends quarterly.

Is the dividend from BDGE sustainable?

The consistent history of dividend payments suggests sustainability.

Bridge Bancorp, Inc. Announces Third Quarter 2020 Dividend