Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Set to Pay Quarterly Dividend of $0.25

Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 16th will be given 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 2.5%. The ex-dividend date of this dividend is Friday, October 16th.

Dime Community Bancshares has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.7%

NASDAQ:DCOM traded up $0.27 during trading hours on Friday, hitting $40.48. The company had a trading volume of 10,829 shares, compared to its average volume of 301,879. 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 50-day moving average of $40.55 and a 200 day moving average of $38.07. The company has a market cap of $1.79 billion, a P/E ratio of 17.15 and a beta of 0.99. Dime Community Bancshares has a 1 year low of $25.63 and a 1 year high of $41.97.

Dime Community Bancshares (NASDAQ:DCOM) last posted 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 business had revenue of $128.41 million for 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 quarter in the previous year, the firm earned $0.64 EPS. Sell-side analysts expect that Dime Community Bancshares will post 3.06 earnings per share for the current year.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the holding company for Dime Community Bank, a commercial bank serving businesses, homeowners and consumers in the New York metropolitan area. The company is headquartered in Hauppauge, New York, and operates branches primarily across Long Island and in the boroughs of Brooklyn and Queens.

Dime Community Bank provides deposit accounts, commercial and residential real estate lending, commercial and industrial loans, consumer lending, cash-management services and other banking products.