Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM) announced a quarterly cash dividend of $0.24 per share, payable on April 25, 2022, to stockholders of record as of April 18, 2022. This consistent dividend payment highlights the company’s commitment to returning value to its shareholders, maintaining an uninterrupted dividend trend. With assets exceeding $12.0 billion, Dime Community Bank leads in deposit market share among community banks in Greater Long Island.

Positive

• Quarterly cash dividend of $0.24 per share announced.
• Dividend payable on April 25, 2022, signifies consistent shareholder returns.
• Company holds over $12.0 billion in assets, indicating financial strength.
• Number one deposit market share among community banks in Greater Long Island.

Negative

• None.

News Market Reaction

+0.52%

1 alert

+0.52% News Effect

On the day this news was published, DCOM gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., March 31, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.24 per share of Common Stock, payable on April 25, 2022 to common stockholders of record as of April 18, 2022. The Company continues its trend of uninterrupted dividends.

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 $12.0 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 amount is $0.24 per share.

When will the dividend be paid to shareholders of DCOM?

The dividend will be paid on April 25, 2022.

What is the record date for the DCOM dividend?

The record date for the dividend is April 18, 2022.

What financial position does Dime Community Bancshares hold?

The company has over $12.0 billion in assets.

How does Dime Community Bancshares rank among community banks?

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