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 Company Profile
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.
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