Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares (Nasdaq: DCOM) has announced a quarterly cash dividend of $0.25 per share of Common Stock. The dividend is payable on October 24, 2024, to common stockholders of record as of October 17, 2024. This announcement continues the company's trend of uninterrupted dividends, demonstrating its commitment to providing consistent returns to shareholders. The decision was made by the company's Board of Directors, reflecting their confidence in Dime Community Bancshares' financial stability and ongoing ability to generate shareholder value.

Positive

• Consistent dividend payment, maintaining uninterrupted dividend trend
• Quarterly cash dividend of $0.25 per share declared

Negative

• None.

News Market Reaction – DCOM

+0.36%

+0.36% Session move

In the trading session that priced this news, DCOM gained 0.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAUPPAUGE, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on October 24, 2024, to common stockholders of record as of October 17, 2024. The Company continues its trend of uninterrupted dividends.

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 $13.5 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 amount of Dime Community Bancshares' (DCOM) quarterly dividend for September 2024?

Dime Community Bancshares (DCOM) has declared a quarterly cash dividend of $0.25 per share of Common Stock for September 2024.

When is the payment date for Dime Community Bancshares' (DCOM) latest dividend?

The dividend is payable on October 24, 2024, to common stockholders of record as of October 17, 2024.

Has Dime Community Bancshares (DCOM) maintained a consistent dividend payment history?

Yes, the company states that this dividend declaration continues its trend of uninterrupted dividends, indicating a consistent dividend payment history.

What is the record date for Dime Community Bancshares' (DCOM) latest dividend?

The record date for Dime Community Bancshares' (DCOM) latest dividend is October 17, 2024.