Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.24 per share, payable on July 26, 2021, to stockholders of record as of July 19, 2021. This consistent dividend payment highlights the Company’s commitment to returning value to its investors and marks another uninterrupted dividend payment period. With over $13 billion in assets, Dime Community Bancshares remains a leading community bank in Greater Long Island, boasting the highest deposit market share among local banks.

Positive

• Quarterly cash dividend of $0.24 per share demonstrates ongoing commitment to shareholders.
• Uninterrupted dividend trend enhances investor confidence.
• Company holds over $13 billion in assets, showcasing financial stability.

Negative

• None.

News Market Reaction – DCOM

+0.26%

+0.26% Session move

In the trading session that priced this news, DCOM gained 0.26%, 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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HAUPPAUGE, N.Y., June 24, 2021 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.24 per share of Common Stock, payable on July 26, 2021 to common stockholders of record as of July 19, 2021. 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 billion in assets and 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?

Dime Community Bancshares declared a quarterly cash dividend of $0.24 per share.

When will the dividend be paid?

The dividend will be paid on July 26, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is July 19, 2021.

How does Dime Community Bancshares' dividend history affect investors?

The company's trend of uninterrupted dividends can enhance investor confidence and attract new shareholders.