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 July 25, 2022, to shareholders of record as of July 18, 2022. This reflects the Company's ongoing commitment to providing uninterrupted dividends. Dime Community Bancshares is the holding company for Dime Community Bank, boasting over $12.0 billion in assets and leading deposit market share among community banks on Greater Long Island.

Positive

• Quarterly cash dividend of $0.24 indicates financial stability and shareholder return.
• Continuation of uninterrupted dividends demonstrates company confidence.

Negative

• None.

HAUPPAUGE, N.Y., June 30, 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 July 25, 2022 to common stockholders of record as of July 18, 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 $12.0 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 $0.24 per share.

When is the dividend payable for Dime Community Bancshares?

The dividend is payable on July 25, 2022.

What date do shareholders need to be on record to receive the dividend?

Shareholders must be on record by July 18, 2022.

How does Dime Community Bancshares' dividend payout reflect company performance?

The uninterrupted dividend payouts indicate financial stability and commitment to shareholder value.