Dimeco, Inc. (OTCMKTS:DIMC) to Issue $0.42 Quarterly Dividend

Dimeco, Inc. (OTCMKTS:DIMC) declared a quarterly dividend on Thursday, March 20th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.42 per share on Thursday, April 24th. This represents a $1.68 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Monday, March 31st.

Dimeco Price Performance

Shares of Dimeco stock traded down $0.06 during trading on Friday, hitting $37.84. The company’s stock had a trading volume of 860 shares, compared to its average volume of 902. Dimeco has a 52 week low of $34.05 and a 52 week high of $42.00. The stock has a market cap of $95.96 million, a price-to-earnings ratio of 7.41 and a beta of 0.10. The stock has a 50-day moving average price of $38.85 and a two-hundred day moving average price of $38.90.

Dimeco (OTCMKTS:DIMC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.44 earnings per share for the quarter. Dimeco had a net margin of 19.51% 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.