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

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.34375 per share for Series A Preferred Stock, payable on November 15, 2020, and $0.14 per share for Common Stock, payable on November 13, 2020. The record date for both dividends is November 6, 2020. This marks the third quarterly dividend for Series A Preferred Stock and the 94th consecutive dividend for Common Stock. As of June 30, 2020, the Company reported consolidated assets of $6.47 billion.

Positive

• Quarterly cash dividend of $0.14 per share for Common Stock, indicating consistent income for shareholders.
• 94 consecutive quarterly dividends for Common Stock showcases company reliability and confidence.
• Declared quarterly cash dividend of $0.34375 per share for Series A Preferred Stock.

Negative

• None.

News Market Reaction

+2.77%

1 alert

+2.77% News Effect

On the day this news was published, DCOM gained 2.77%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BROOKLYN, N.Y., Oct. 22, 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 November 15, 2020, and $0.14 per share of Common Stock, payable on November 13, 2020, to all stockholders of record as of November 6, 2020. This dividend is the third quarterly cash dividend to be paid to holders of the Company’s Series A Preferred Stock, and the 94^th consecutive quarterly cash dividend to be paid to holders of the Company’s Common Stock.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.47 billion in consolidated assets as of June 30, 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.

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

FAQ

What is the dividend amount for DCOM's Common Stock?

The dividend amount for DCOM's Common Stock is $0.14 per share.

When is the dividend payable for Dime Community Bancshares?

The dividend for Common Stock is payable on November 13, 2020.

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

The record date for the dividends is November 6, 2020.

How many consecutive dividends has Dime Community Bancshares paid for Common Stock?

Dime Community Bancshares has paid 94 consecutive dividends for Common Stock.

What is the dividend for Series A Preferred Stock by Dime Community Bancshares?

The dividend for Series A Preferred Stock is $0.34375 per share.