Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP) announced a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is payable on August 15, 2022 to shareholders of record as of August 8, 2022. The Company, with over $12.0 billion in assets, holds the top deposit market share among community banks on Greater Long Island, emphasizing its strong position in the market.

Positive

• Quarterly cash dividend of $0.34375 per share announced.
• Company's asset base exceeds $12.0 billion, indicating strong financial health.
• Top deposit market share among community banks on Greater Long Island.

Negative

• None.

HAUPPAUGE, N.Y., July 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 15, 2022 to holders of record as of August 8, 2022.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island ⁽¹⁾.

Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

FAQ

What is the dividend amount declared by Dime Community Bancshares?

Dime Community Bancshares declared a quarterly cash dividend of $0.34375 per share.

When is the dividend payable to shareholders?

The dividend is payable on August 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is August 8, 2022.

How large is Dime Community Bancshares in terms of assets?

Dime Community Bancshares has over $12.0 billion in assets.

What market share does Dime Community Bancshares hold?

Dime Community Bancshares has the number one deposit market share among community banks on Greater Long Island.