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

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

Dimeco Stock Up 2.6 %

Dimeco stock traded up $1.00 during midday trading on Friday, reaching $40.00. 245 shares of the stock traded hands, compared to its average volume of 940. The stock has a market cap of $101.44 million, a P/E ratio of 7.84 and a beta of 0.09. The stock’s fifty day moving average is $39.63 and its 200-day moving average is $38.37. Dimeco has a 12 month low of $33.50 and a 12 month high of $42.00.

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

Dimeco Company Profile

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.