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

Rhea-AI Summary

Dime Community Bancshares (Nasdaq: DCOM) has announced a quarterly cash dividend declaration for its Series A Preferred Stock. The Board of Directors has approved a dividend of $0.34375 per share on the company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on February 13, 2025, to shareholders who are recorded as holders as of February 6, 2025.

Positive

• Regular dividend payment indicates financial stability
• Maintains 5.50% Fixed-Rate yield for preferred stockholders

Negative

• None.

News Market Reaction

-0.61%

1 alert

-0.61% News Effect

On the day this news was published, DCOM declined 0.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP and DCOMG) (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 13, 2025 to holders of record as of February 6, 2025.

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 $14.4 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 DCOM Series A Preferred Stock in Q1 2025?

Dime Community Bancshares declared a quarterly dividend of $0.34375 per share for its Series A Preferred Stock for Q1 2025.

When is the payment date for DCOM's Series A Preferred Stock dividend?

The dividend payment date is February 13, 2025.

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

The record date for the dividend is February 6, 2025.

What is the annual yield rate for DCOM's Series A Preferred Stock?

DCOM's Series A Preferred Stock has a 5.50% Fixed-Rate Non-Cumulative yield.