Dimeco (OTCMKTS:DIMC) Releases Quarterly Earnings Results

Dimeco (OTCMKTS:DIMC) posted its quarterly earnings results on Thursday. The company reported $1.44 EPS for the quarter, Zacks reports. Dimeco had a net margin of 20.06% and a return on equity of 13.09%.

Dimeco Trading Up 3.6 %

Shares of DIMC stock traded up $1.45 during trading hours on Thursday, reaching $41.45. The stock had a trading volume of 8,455 shares, compared to its average volume of 1,606. The stock’s fifty day simple moving average is $39.42 and its 200 day simple moving average is $38.81. The firm has a market capitalization of $105.28 million, a PE ratio of 8.13 and a beta of 0.09. Dimeco has a 12 month low of $33.70 and a 12 month high of $42.00.

Dimeco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Dimeco’s previous quarterly dividend of $0.40. Dimeco’s payout ratio is presently 32.94%.

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.