Dimeco, Inc. (OTCMKTS:DIMC) Raises Dividend to $0.42 Per Share

Dimeco, Inc. (OTCMKTS:DIMC) announced a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.42 per share on Thursday, January 23rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, December 31st. This is a boost from Dimeco’s previous quarterly dividend of $0.40.

Dimeco Price Performance

OTCMKTS DIMC traded up $1.00 during trading on Friday, reaching $40.00. 245 shares of the company’s stock traded hands, compared to its average volume of 940. Dimeco has a 12-month low of $33.50 and a 12-month high of $42.00. The firm has a market cap of $101.44 million, a price-to-earnings ratio of 7.84 and a beta of 0.09. The company’s 50 day simple moving average is $39.63 and its two-hundred day simple moving average is $38.37.

Dimeco (OTCMKTS:DIMC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.53 earnings per share (EPS) for the quarter. The company had revenue of $12.07 million for the quarter. Dimeco had a net margin of 20.06% and a return on equity of 13.09%.

About Dimeco

Dimeco, Inc operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania. It accepts various deposits, including checking, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides consumer, home equity, mortgage, construction, student, business term, business vehicle, business equipment, capital improvement, and commercial real estate loans; business lines of credit; and acquisition financing and investment services.