Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Rhea-AI Summary

Dime Community Bancshares, Inc. (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.24 per share, scheduled for payment on October 24, 2022, to stockholders on record as of October 17, 2022. This marks a continuation of their trend of uninterrupted dividends. The company boasts over $12.3 billion in assets and holds the number one deposit market share among community banks in Greater Long Island.

Positive

• Declared a quarterly cash dividend of $0.24 per share.
• Continues trend of uninterrupted dividends.
• Over $12.3 billion in assets.

Negative

• None.

HAUPPAUGE, N.Y., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.24 per share of Common Stock, payable on October 24, 2022 to common stockholders of record as of October 17, 2022. The Company continues its trend of uninterrupted dividends.

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 $12.3 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

When is the next dividend payment for Dime Community Bancshares?

The next dividend payment is scheduled for October 24, 2022.

What is the dividend amount for Dime Community Bancshares?

The declared dividend amount is $0.24 per share.

What is the record date for the dividend?

The record date for the dividend is October 17, 2022.

How often does Dime Community Bancshares pay dividends?

Dime Community Bancshares pays dividends quarterly.

What is the market share of Dime Community Bancshares?

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