Dime Community Bancshares, Inc. (NASDAQ:DCOM) Plans Quarterly Dividend of $0.25

Key Points

• Dime Community Bancshares, Inc. has declared a quarterly dividend of $0.25 per share, with payment scheduled for October 24th to shareholders on record as of October 17th, reflecting a 3.3% yield.
• The company's dividend payout ratio stands at 26.7%, indicating strong earnings coverage for the dividend, and it is expected to maintain this sustainability with an anticipated payout ratio of 25.1% next year.
• Dime Community Bancshares reported $0.64 earnings per share for the previous quarter, exceeding analysts' estimates, and had a revenue of $109.54 million, surpassing projections as well.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) declared a quarterly dividend on Tuesday, September 23rd, RTT News reports. Shareholders of record on Friday, October 17th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ:DCOM traded down $0.42 during trading on Tuesday, reaching $30.52. The company's stock had a trading volume of 184,602 shares, compared to its average volume of 186,135. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 36.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average of $29.42 and a 200-day moving average of $27.65. Dime Community Bancshares has a 12 month low of $23.25 and a 12 month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $109.54 million during the quarter, compared to the consensus estimate of $107.08 million. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.During the same quarter in the prior year, the company earned $0.37 EPS. Research analysts expect that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.

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