Dime Community Bancshares, Inc. (DCOM) to Issue Quarterly Dividend of $0.25 on July 24th

Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Thursday, June 25th. Investors of record on Friday, July 17th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, July 17th.

Dime Community Bancshares has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

DCOM stock opened at $39.89 on Wednesday. The company has a market cap of $1.76 billion, a PE ratio of 16.90 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $38.39 and a two-hundred day moving average price of $35.19. Dime Community Bancshares has a 12-month low of $25.63 and a 12-month high of $41.62.

Insider Activity at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 32,751 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $39.02, for a total transaction of $1,277,944.02. Following the transaction, the director directly owned 6,785 shares of the company’s stock, valued at approximately $264,750.70. The trade was a 82.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raymond A. Nielsen sold 1,650 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $37.09, for a total transaction of $61,198.50. Following the transaction, the director directly owned 35,607 shares in the company, valued at approximately $1,320,663.63. The trade was a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 78,803 shares of company stock valued at $3,101,749 in the last ninety days. 7.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dime Community Bancshares

A number of large investors have recently added to or reduced their stakes in DCOM. Hilton Head Capital Partners LLC acquired a new position in Dime Community Bancshares in the 4th quarter worth $28,000. Larson Financial Group LLC grew its stake in shares of Dime Community Bancshares by 742.9% during the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 884 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after acquiring an additional 4,446 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Dime Community Bancshares during the third quarter worth about $169,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Dime Community Bancshares in the first quarter worth about $202,000. 75.27% of the stock is owned by institutional investors and hedge funds.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.