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

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM) announced on April 29, 2021, that it declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock, payable on May 15, 2021. Additionally, a quarterly cash dividend of $0.24 per share of Common Stock will be paid on May 21, 2021. These dividends reflect the company's ongoing commitment to providing returns to shareholders. Dime Community Bancshares holds over $13 billion in assets and maintains the highest deposit market share among community banks in Greater Long Island.

Positive

• Declared quarterly cash dividend of $0.34375 per share of Series A Preferred Stock.
• Declared quarterly cash dividend of $0.24 per share of Common Stock.
• Continues trend of uninterrupted dividends.

Negative

• None.

HAUPPAUGE, N.Y., April 29, 2021 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock, payable on May 15, 2021 to preferred stockholders of record as of May 7, 2021, and a quarterly cash dividend of $0.24 per share of Common Stock, payable on May 21, 2021 to common stockholders of record as of May 11, 2021. The Company continues its trend of uninterrupted dividends.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. (Nasdaq: DCOM) is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13 billion in assets and 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 less than $20 billion in assets.

FAQ

What is the dividend amount for DCOM in May 2021?

The dividend amount for DCOM is $0.34375 per share of Series A Preferred Stock and $0.24 per share of Common Stock.

When is the dividend payment date for DCOM shares?

The payment date for the Series A Preferred Stock dividend is May 15, 2021, and for the Common Stock dividend, it's May 21, 2021.

Who are the stockholders of record for DCOM's dividends?

The stockholders of record for the Series A Preferred Stock are as of May 7, 2021, and for the Common Stock are as of May 11, 2021.

How often does Dime Community Bancshares pay dividends?

Dime Community Bancshares consistently pays dividends on a quarterly basis.