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

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP) 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 November 15, 2021 to shareholders on record as of November 7, 2021.

The company holds over $12.3 billion in assets and boasts the highest deposit market share among community banks in Greater Long Island.

Positive

• Quarterly cash dividend of $0.34375 per share enhances income for shareholders.
• Company's strong asset base of over $12.3 billion positions it well for stability.

Negative

• None.

HAUPPAUGE, N.Y., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (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 November 15, 2021 to holders of record as of November 7, 2021.

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 $12.3 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 declared by Dime Community Bancshares?

The declared dividend is $0.34375 per share.

When will the dividend be paid?

The dividend will be paid on November 15, 2021.

What is the record date for the dividend?

The record date for the dividend is November 7, 2021.