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

Rhea-AI Summary

Dime Community Bancshares, Inc. (DCOM) has declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend will be payable on February 15, 2021 to shareholders on record as of February 4, 2021. The Company boasts over $12 billion in assets and $9 billion in total deposits, with more than 60 branches across New York.

Positive

• Declared quarterly dividend of $0.34375 per share.
• Company's asset base exceeds $12 billion.
• Total deposits are over $9 billion.

Negative

• None.

News Market Reaction – DCOM

+0.71%

+0.71% Session move

In the trading session that priced this news, DCOM gained 0.71%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HAUPPAUGE, N.Y., Feb. 01, 2021 (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 on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on February 15, 2021 to holders of record as of February 4, 2021.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company has over $12 billion in assets, over $9 billion in total deposits, and over 60 branches spanning Manhattan to Montauk. Dime Community Bank (the “Bank”) is the Company’s wholly owned subsidiary. 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 declared by Dime Community Bancshares (DCOM)?

Dime Community Bancshares declared a dividend of $0.34375 per share.

When will the dividend be paid to shareholders of DCOM?

The dividend will be paid on February 15, 2021.

What is the record date for the DCOM dividend?

The record date for the dividend is February 4, 2021.

How often does Dime Community Bancshares pay dividends?

Dime Community Bancshares pays dividends quarterly.

How much are Dime Community Bancshares' total assets?

Dime Community Bancshares has over $12 billion in assets.