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 for its Series A Preferred Stock. The Board of Directors declared a dividend of $0.34375 per share on the company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend will be payable on August 15, 2024 to shareholders of record as of August 8, 2024. This announcement demonstrates Dime Community Bancshares' commitment to providing returns to its preferred stockholders and maintaining its dividend policy.

News Market Reaction – DCOM

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+2.21% Session move

In the trading session that priced this news, DCOM gained 2.21%, reflecting a moderate positive market reaction.

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HAUPPAUGE, N.Y., July 25, 2024 (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 August 15, 2024 to holders of record as of August 8, 2024.

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 $13.5 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 amount of Dime Community Bancshares' (DCOM) quarterly dividend for Series A Preferred Stock?

Dime Community Bancshares (DCOM) declared a quarterly cash dividend of $0.34375 per share for its Series A Preferred Stock.

When is the payment date for Dime Community Bancshares' (DCOM) Series A Preferred Stock dividend?

The dividend for Dime Community Bancshares' (DCOM) Series A Preferred Stock is payable on August 15, 2024.

What is the record date for Dime Community Bancshares' (DCOM) latest preferred stock dividend?

The record date for Dime Community Bancshares' (DCOM) latest preferred stock dividend is August 8, 2024.

What type of preferred stock is receiving the dividend from Dime Community Bancshares (DCOM)?

The dividend is for Dime Community Bancshares' (DCOM) 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A.