Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.25 per share of common stock. The dividend will be paid on July 24, 2024, to shareholders of record as of July 17, 2024.

This announcement continues the company's trend of consistent dividend payments, reflecting its commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.25 per share declared.
• Consistent trend of uninterrupted dividend payments.

Negative

• None.

News Market Reaction – DCOM

-0.49%

-0.49% Session move

In the trading session that priced this news, DCOM declined 0.49%, reflecting a mild negative 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., June 20, 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 July 24, 2024, to common stockholders of record as of July 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 dividend amount declared by Dime Community Bancshares for Q2 2024?

Dime Community Bancshares declared a quarterly cash dividend of $0.25 per share for Q2 2024.

When will Dime Community Bancshares pay the declared dividend?

The declared dividend will be paid on July 24, 2024.

What is the record date for Dime Community Bancshares' dividend?

The record date for the dividend is July 17, 2024.

Has Dime Community Bancshares maintained a consistent dividend payment trend?

Yes, Dime Community Bancshares has continued its trend of uninterrupted dividend payments.