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

Rhea-AI Summary

Dime Community Bancshares, Inc. announced 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 November 15, 2022, to shareholders of record as of November 8, 2022. The company has over $12.8 billion in assets and holds the top deposit market share among community banks on Greater Long Island.

Positive

• Quarterly cash dividend of $0.34375 reflects company confidence.
• Company maintains over $12.8 billion in assets.

Negative

• None.

HAUPPAUGE, N.Y. , Oct. 27, 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 November 15, 2022 to holders of record as of November 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 $12.8 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?

The dividend amount declared is $0.34375 per share.

When is the dividend payable?

The dividend is payable on November 15, 2022.

What is the record date for the dividend?

The record date for the dividend is November 8, 2022.

What type of stock is the dividend declared on?

The dividend is declared on the 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A.

How large are the assets of Dime Community Bancshares?

Dime Community Bancshares has over $12.8 billion in assets.

What is Dime Community Bancshares' market position?

The company has the number one deposit market share among community banks on Greater Long Island.