Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares (Nasdaq: DCOM) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.25 per share of Common Stock. The dividend will be paid on January 24, 2025 to stockholders of record as of January 17, 2025. The company maintains its track record of consistent dividend payments to shareholders.

Positive

• Maintained consistent quarterly dividend of $0.25 per share
• Demonstrates continued commitment to shareholder returns
• Uninterrupted dividend payment history

Negative

• None.

News Market Reaction

-5.65%

1 alert

-5.65% News Effect

On the day this news was published, DCOM declined 5.65%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on January 24, 2025 to common stockholders of record as of January 17, 2025. 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 $13.7 billion 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 for Dime Community Bancshares (DCOM) in Q1 2025?

Dime Community Bancshares declared a quarterly cash dividend of $0.25 per share for Q1 2025.

When is the dividend payment date for DCOM's Q1 2025 dividend?

The dividend payment date is January 24, 2025.

What is the record date for DCOM's Q1 2025 dividend?

The record date for the dividend is January 17, 2025.

Has Dime Community Bancshares maintained consistent dividend payments?

Yes, the company has maintained a track record of uninterrupted dividend payments to shareholders.

How often does Dime Community Bancshares (DCOM) pay dividends?

Dime Community Bancshares pays dividends on a quarterly basis.