Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

On December 21, 2021, Dime Community Bancshares, Inc. (DCOM) announced a quarterly cash dividend of $0.24 per share, scheduled for payment on January 24, 2022, to stockholders of record by January 17, 2022. This marks a continuation of the company’s trend of uninterrupted dividends. Dime Community Bancshares operates Dime Community Bank, which has over $12.3 billion in assets and holds the top deposit market share among community banks in Greater Long Island.

Positive

• Quarterly cash dividend of $0.24 per share declared, reflecting consistent income for shareholders.
• Company maintains a strong position with over $12.3 billion in assets.

Negative

• None.

HAUPPAUGE, N.Y., Dec. 21, 2021 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.24 per share of Common Stock, payable on January 24, 2022 to common stockholders of record as of January 17, 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 $12.3 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, Inc. for Q4 2021?

Dime Community Bancshares, Inc. declared a quarterly cash dividend of $0.24 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on January 24, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is January 17, 2022.

How does Dime Community Bancshares, Inc. rank in the Greater Long Island market?

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