Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 0.25 per share by the savings and loans company on Wednesday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, July 17th.
Dime Community Bancshares has increased its dividend payment by an average of 1.0% annually over the last three years. Dime Community Bancshares has a dividend payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Dime Community Bancshares to earn $2.64 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 37.9%.
Dime Community Bancshares Price Performance
Shares of DCOM stock opened at $21.84 on Monday. The stock has a 50 day moving average of $19.24 and a two-hundred day moving average of $20.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87. Dime Community Bancshares has a 12 month low of $17.29 and a 12 month high of $27.91. The company has a market capitalization of $851.10 million, a P/E ratio of 12.27 and a beta of 1.01.
Analyst Ratings Changes
A number of analysts have commented on the company. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $25.50 target price on shares of Dime Community Bancshares in a research report on Friday, June 28th.
Check Out Our Latest Research Report on DCOM
Dime Community Bancshares Company Profile
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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