Dime Community Bancshares, Inc. (NASDAQ:DCOMP – Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 6,237 shares, a growth of 694.5% from the December 31st total of 785 shares. Based on an average daily volume of 7,170 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 7,170 shares, the days-to-cover ratio is presently 0.9 days.
Dime Community Bancshares Stock Up 1.0%
Shares of NASDAQ:DCOMP traded up $0.20 during trading on Wednesday, hitting $19.29. 2,347 shares of the company were exchanged, compared to its average volume of 6,380. The firm’s 50 day moving average price is $18.45 and its 200-day moving average price is $19.04. Dime Community Bancshares has a 12-month low of $17.05 and a 12-month high of $20.75.
Dime Community Bancshares Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be paid a $0.3438 dividend. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, February 6th.
Dime Community Bancshares Company Profile
Dime Community Bancshares (NASDAQ:DCOMP) is the bank holding company for Dime Community Bank, a commercial bank headquartered in Hauppauge, New York. The company specializes in originating and servicing commercial real estate loans, with a primary focus on income-producing multifamily, office, retail and industrial properties. In addition to its lending activities, Dime Community Bancshares offers deposit products, cash management services and treasury solutions to small and medium-sized businesses as well as individual customers across its branch network.
The roots of Dime Community Bancshares trace back to the Dime Savings Bank of Williamsburgh, founded in 1864.
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