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

(Neutral)

Rhea-AI Summary

Dime Community Bancshares, Inc. (DCOM) declared its quarterly cash dividend of $0.34375 per share for Series A Preferred Stock, set for payment on August 15, 2020. Additionally, a dividend of $0.14 per share for Common Stock will be paid on August 13, 2020, to stockholders of record as of August 6, 2020. This marks the 93rd consecutive dividend for Common Stock holders and the second for the Series A Preferred Stock. As of March 31, 2020, the company reported $6.35 billion in consolidated assets.

Positive

Quarterly cash dividend of $0.34375 for Series A Preferred Stock.
Quarterly cash dividend of $0.14 for Common Stock.
93rd consecutive quarterly dividend for Common Stock holders.
Strong asset base with $6.35 billion in consolidated assets.

Negative

None.

News Market Reaction – DCOM

+0.85%

+0.85% Session move

In the trading session that priced this news, DCOM gained 0.85%, 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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07/23/2020 - 01:00 PM

BROOKLYN, N.Y., July 23, 2020 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock, payable on August 15, 2020, and $0.14 per share of Common Stock, payable on August 13, 2020, to all stockholders of record as of August 6, 2020. This dividend is the second quarterly cash dividend to be paid to holders of the Company’s Series A Preferred Stock, and the 93^rd consecutive quarterly cash dividend to be paid to holders of the Company’s Common Stock.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.35 billion in consolidated assets as of March 31, 2020 Dime Community Bank (the “Bank”), the Company’s wholly owned subsidiary, was founded in 1864, is headquartered in Brooklyn, New York, and currently has 28 retail branches located throughout Brooklyn, Queens, the Bronx, Nassau and Suffolk Counties, New York. More information on the Company and the Bank be found on the Company's website at www.dime.com.

Avinash Reddy, Senior Executive Vice President – Chief Financial Officer, 718-782-6200, extension 5909.

FAQ

What is the dividend amount for DCOM in August 2020?

Dime Community Bancshares, Inc. declared a dividend of $0.34375 for Series A Preferred Stock and $0.14 for Common Stock.

When is the dividend payment date for DCOM?

The dividend for Series A Preferred Stock is payable on August 15, 2020, and for Common Stock on August 13, 2020.

Who is eligible for the DCOM dividend?

Stockholders of record as of August 6, 2020, are eligible for the dividends.

How many consecutive dividends has DCOM paid for Common Stock?

DCOM has paid 93 consecutive quarterly dividends for Common Stock.