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

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dividends
Rhea-AI Summary

Dime Community Bancshares has declared 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 August 15, 2021, to shareholders of record as of August 6, 2021. With approximately $13 billion in assets, Dime Community Bancshares leads with the highest deposit market share among community banks in Greater Long Island.

Positive
  • Quarterly cash dividend of $0.34375 per share enhances shareholder income.
  • Company has approximately $13 billion in assets, indicating strong financial health.
  • Leads deposit market share among community banks in Greater Long Island.
Negative
  • None.

HAUPPAUGE, N.Y., July 29, 2021 (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 August 15, 2021 to holders of record as of August 6, 2021.

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 approximately $13 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 DCOM?

Dime Community Bancshares declared a quarterly cash dividend of $0.34375 per share.

When is the dividend payable for DCOM?

The dividend is payable on August 15, 2021.

What is the record date for the DCOM dividend?

The record date for the dividend is August 6, 2021.

How does Dime Community Bancshares rank among community banks?

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

Dime Community Bancshares, Inc.

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