Dime Community Bancshares, Inc. (DCOM) To Go Ex-Dividend on April 17th

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend on Wednesday, March 25th. Investors of record on Friday, April 17th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, April 24th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, April 17th.

Dime Community Bancshares has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.4%

NASDAQ DCOM opened at $33.20 on Friday. Dime Community Bancshares has a 12 month low of $23.25 and a 12 month high of $36.86. 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 stock has a market cap of $1.46 billion, a PE ratio of 14.07 and a beta of 1.09. The stock’s 50 day moving average is $33.41 and its 200 day moving average is $30.76.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The firm had revenue of $123.85 million for the quarter, compared to analysts’ expectations of $118.14 million. During the same quarter last year, the business posted $0.42 earnings per share. Research analysts predict that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.