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

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP) has declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on May 15, 2022, to shareholders on record as of May 9, 2022. Dime Community Bancshares operates Dime Community Bank, which boasts over $12.0 billion in assets and holds the top deposit market share among community banks in Greater Long Island.

Positive

• Quarterly cash dividend of $0.34375 per share indicates strong income for shareholders.
• Company's total assets exceed $12.0 billion, highlighting financial stability.

Negative

• None.

HAUPPAUGE, N.Y., April 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that its Board of Directors has 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 May 15, 2022 to holders of record as of May 9, 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 will the dividend payment be made for DCOM and DCOMP?

The dividend payment will be made on May 15, 2022.

What is the record date for the Dime Community Bancshares dividend?

The record date for the dividend is May 9, 2022.

What is the significance of the dividend for Dime Community Bancshares investors?

The dividend indicates the company's commitment to returning income to its shareholders.