Dime Community (NYSE: DCOM) declares Series A preferred stock dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Dime Community Bancshares, Inc. reported that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is payable on May 15, 2026 to holders of record as of May 8, 2026.
The company, a New York State-chartered trust company with approximately $15 billion in assets and leading community bank deposit market share in Greater Long Island, released these details in a press release furnished as Exhibit 99.1 to the current report.
Positive
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Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Series A preferred dividend: $0.34375 per share
Preferred coupon rate: 5.50%
Dividend payment date: May 15, 2026
+4 more
7 metrics
Series A preferred dividend
$0.34375 per share
Quarterly cash dividend declared April 23, 2026
Preferred coupon rate
5.50%
Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A
Dividend payment date
May 15, 2026
Payable date for Series A preferred dividend
Dividend record date
May 8, 2026
Holders of record eligible for Series A dividend
Total assets
Approximately $15 billion
Company size as described in the About Dime section
Junior subordinated notes coupon
9.000%
Rate on 9.000% Junior Subordinated Notes listed on NYSE
Junior subordinated notes par value
$25.00
Par value of 9.000% Junior Subordinated Notes
Key Terms
5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, record as of, Non-Cumulative, Forward-Looking Statements, +1 more
5 terms
5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A financial
"a quarterly cash dividend of $0.34375 per share on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A"
record as of financial
"payable on May 15, 2026 to holders of record as of May 8, 2026"
"Record as of" indicates the specific date or point in time when a particular financial figure or statistic was measured or confirmed. It helps investors understand the exact moment when the data was valid, similar to taking a snapshot of a situation. This clarity is important for making accurate comparisons and informed decisions based on the most current or relevant information.
Non-Cumulative financial
"5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
Forward-Looking Statements regulatory
"Forward-Looking Statements Statements contained in this news release that are not historical facts"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Emerging growth company regulatory
"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
When is the Dime Community (DCBG) Series A preferred dividend payable and what is the record date?
The Series A preferred dividend is payable on May 15, 2026 to holders of record as of May 8, 2026. Investors must be on the company’s books at market close on the record date to receive this dividend payment.
Which Dime Community (DCBG) security is affected by the announced dividend?
The dividend applies to Dime’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. Common stock and other listed securities, such as its junior subordinated notes, are not referenced in this particular dividend announcement.
Where can investors find more details on Dime Community’s (DCBG) dividend announcement?
Further details are provided in a press release furnished as Exhibit 99.1 to the Form 8-K. The exhibit includes the dividend terms and standard forward-looking statements language related to risks and uncertainties affecting future results.
