Dime Community Bancshares, Inc. (DCOM) to Issue Quarterly Dividend of $0.25 on October 23rd

Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) declared a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 16th will be paid a dividend of $0.25 per share by the savings and loans company on Friday, October 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 16th.

Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Price Performance

DCOM stock opened at $38.48 on Wednesday. The stock has a 50-day moving average price of $40.25 and a two-hundred day moving average price of $38.69. Dime Community Bancshares has a 12-month low of $25.63 and a 12-month high of $41.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.70 billion, a PE ratio of 16.30 and a beta of 1.01.

Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $128.41 million during the quarter, compared to analyst estimates of $123.46 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, research analysts predict that Dime Community Bancshares will post 3.06 EPS for the current year.

Dime Community Bancshares Company Profile

(Get Free Report)

Dime Community Bancshares, Inc is the parent company of Dime Community Bank, a community-focused commercial bank serving businesses, individuals and local organizations. The bank provides deposit accounts, commercial and residential real estate lending, multifamily and small-business financing, consumer loans, treasury and cash-management services, and wealth-management solutions.

Dime Community Bank’s market is concentrated primarily in Long Island and the New York City metropolitan area, including Brooklyn, Queens, and Manhattan.

Further Reading

Dividend History for Dime Community Bancshares (NASDAQ:DCOM)

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