Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock

Rhea-AI Summary

Dime Community Bancshares (Nasdaq: DCOM) announced that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on November 15, 2024 to stockholders of record as of November 8, 2024.

Positive

• Regular dividend payment indicates financial stability
• Maintains 5.50% Fixed-Rate dividend yield for preferred stockholders

Negative

• None.

News Market Reaction

-3.31%

1 alert

-3.31% News Effect

On the day this news was published, DCOM declined 3.31%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP and DCOMG) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2024 to holders of record as of November 8, 2024.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13.7 billion in assets and the number one deposit market share among community banks on Greater Long Island ⁽¹⁾.

Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

FAQ

What is the dividend amount for Dime Community Bancshares (DCOM) Series A Preferred Stock in Q4 2024?

Dime Community Bancshares declared a quarterly cash dividend of $0.34375 per share for its Series A Preferred Stock.

When is the dividend payment date for DCOM Series A Preferred Stock?

The dividend is payable on November 15, 2024, to shareholders of record as of November 8, 2024.

What is the dividend yield for DCOM Series A Preferred Stock?

The Series A Preferred Stock carries a 5.50% Fixed-Rate Non-Cumulative dividend yield.