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 February 15, 2022, to shareholders on record as of February 7, 2022. The company, which has over $12.0 billion in assets, holds the top deposit market share among community banks on Greater Long Island. This dividend declaration reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Declared a quarterly cash dividend of $0.34375 per share.
• Demonstrates financial stability and shareholder returns.

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• None.

HAUPPAUGE, N.Y., Jan. 27, 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 February 15, 2022 to holders of record as of February 7, 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 for Dime Community Bancshares?

The declared dividend amount is $0.34375 per share.

When is the dividend payable for Dime Community Bancshares?

The dividend is payable on February 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is February 7, 2022.

What stock symbols does Dime Community Bancshares have?

The stock symbols are DCOM and DCOMP.

What is the significance of the dividend declared by Dime Community Bancshares?

The dividend reflects the company's commitment to returning value to shareholders and its financial stability.