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 is payable on February 15, 2023, to shareholders holding the stock as of February 8, 2023. Dime Community Bancshares manages over $13.1 billion in assets and holds the top deposit market share among community banks in Greater Long Island, further highlighting its strong position in the sector.

Positive

• Quarterly cash dividend of $0.34375 per share reflects company confidence.
• Strong asset management with over $13.1 billion in assets.

Negative

• None.

News Market Reaction – DCOM

-7.65%

-7.65% Session move

In the trading session that priced this news, DCOM declined 7.65%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HAUPPAUGE, N.Y., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that its Board of Directors 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, 2023 to holders of record as of February 8, 2023.

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 $13.1 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?

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

When is the dividend payment date for Dime Community Bancshares?

The dividend is payable on February 15, 2023.

What is the record date for the dividend declared by Dime Community Bancshares?

The record date for the dividend is February 8, 2023.

How much are Dime Community Bancshares' total assets?

Dime Community Bancshares manages over $13.1 billion in assets.

Where does Dime Community Bancshares rank in deposit market share on Long Island?

Dime Community Bancshares holds the number one deposit market share among community banks in Greater Long Island.