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 January 24, 2023, to stockholders of record as of January 17, 2023. This reflects the company's commitment to maintaining uninterrupted dividends, showcasing its financial stability and ongoing support for shareholders. With assets exceeding $12.8 million, Dime Community Bank ranks first in deposit market share among community banks on Greater Long Island.

Positive

• Declared quarterly cash dividend of $0.24 per share.
• Uninterrupted dividend payments reflect financial stability.
• Ranked number one in deposit market share among community banks on Greater Long Island.

Negative

• None.

News Market Reaction – DCOM

+1.35%

+1.35% Session move

In the trading session that priced this news, DCOM gained 1.35%, 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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HAUPPAUGE, N.Y., Dec. 20, 2022 (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 January 24, 2023 to common stockholders of record as of January 17, 2023. 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 $12.8 million 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?

The dividend amount declared is $0.24 per share.

When is the dividend payment date for Dime Community Bancshares?

The dividend payment date is January 24, 2023.

Who is eligible for the dividend from Dime Community Bancshares?

Stockholders of record as of January 17, 2023, are eligible for the dividend.

What is the significance of Dime Community Bank's market share?

Dime Community Bank has the number one deposit market share among community banks on Greater Long Island, indicating strong local presence.