NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend
NorthEast Community Bancorp (Nasdaq: NECB) has announced an increased quarterly cash dividend of $0.20 per common share, payable on May 6, 2025, to shareholders of record as of April 7, 2025.
The company operates through eleven branch offices across New York (Bronx, Orange, Rockland, and Sullivan Counties) and Massachusetts (Essex, Middlesex, and Norfolk Counties), along with three loan production offices in New City, White Plains, and Danvers.
Chairman and CEO Kenneth A. Martinek emphasized that the dividend increase reflects their ongoing commitment to enhancing shareholder value.
NorthEast Community Bancorp (Nasdaq: NECB) ha annunciato un aumento del dividendo in contante trimestrale di $0,20 per azione ordinaria, che sarà pagato il 6 maggio 2025, agli azionisti registrati al 7 aprile 2025.
L'azienda opera attraverso undici filiali nello stato di New York (Bronx, Orange, Rockland e Sullivan Counties) e nel Massachusetts (Essex, Middlesex e Norfolk Counties), insieme a tre uffici di produzione prestiti a New City, White Plains e Danvers.
Il presidente e CEO Kenneth A. Martinek ha sottolineato che l'aumento del dividendo riflette il loro continuo impegno a migliorare il valore per gli azionisti.
NorthEast Community Bancorp (Nasdaq: NECB) ha anunciado un aumento del dividendo en efectivo trimestral de $0.20 por acción ordinaria, que se pagará el 6 de mayo de 2025, a los accionistas registrados al 7 de abril de 2025.
La compañía opera a través de once sucursales en Nueva York (Bronx, Orange, Rockland y Sullivan Counties) y Massachusetts (Essex, Middlesex y Norfolk Counties), junto con tres oficinas de producción de préstamos en New City, White Plains y Danvers.
El presidente y CEO Kenneth A. Martinek enfatizó que el aumento del dividendo refleja su compromiso continuo de mejorar el valor para los accionistas.
NorthEast Community Bancorp (Nasdaq: NECB)는 주당 $0.20의 분기 현금 배당금을 인상했다고 발표했으며, 이는 2025년 5월 6일에 지급될 예정이며, 2025년 4월 7일 기준 주주에게 지급됩니다.
회사는 뉴욕(브롱크스, 오렌지, 록랜드, 설리반 카운티)과 매사추세츠(엑세스, 미들섹스, 노퍽 카운티) 전역에 11개의 지점을 운영하며, 뉴 시티, 화이트 플레인스, 댄버스에 3개의 대출 생산 사무소도 운영하고 있습니다.
회장 겸 CEO인 Kenneth A. Martinek는 배당금 인상이 주주 가치를 증대시키려는 지속적인 의지를 반영한다고 강조했습니다.
NorthEast Community Bancorp (Nasdaq: NECB) a annoncé une augmentation du dividende trimestriel en espèces de 0,20 $ par action ordinaire, payable le 6 mai 2025, aux actionnaires enregistrés au 7 avril 2025.
L'entreprise opère à travers onze agences à New York (Bronx, Orange, Rockland et Sullivan Counties) et au Massachusetts (Essex, Middlesex et Norfolk Counties), ainsi que trois bureaux de production de prêts à New City, White Plains et Danvers.
Le président et PDG Kenneth A. Martinek a souligné que l'augmentation du dividende reflète leur engagement continu à améliorer la valeur pour les actionnaires.
NorthEast Community Bancorp (Nasdaq: NECB) hat eine Erhöhung der vierteljährlichen Bar-Dividende auf 0,20 $ pro Stammaktie angekündigt, die am 6. Mai 2025 an die Aktionäre ausgezahlt wird, die am 7. April 2025 registriert sind.
Das Unternehmen betreibt elf Filialen in New York (Bronx, Orange, Rockland und Sullivan Counties) und Massachusetts (Essex, Middlesex und Norfolk Counties) sowie drei Kreditproduktionsbüros in New City, White Plains und Danvers.
Vorsitzender und CEO Kenneth A. Martinek betonte, dass die Erhöhung der Dividende ihr fortwährendes Engagement zur Steigerung des Aktionärswerts widerspiegelt.
- Increased quarterly dividend payment to shareholders
- Strong geographical presence with 11 branch offices across NY and MA
- Additional revenue streams through 3 loan production offices
- None.
WHITE PLAINS, N.Y., March 20, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of
“We are pleased to increase our quarterly dividend to shareholders,” said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company. “The payment of dividends continues to represent one part of our long-term commitment to enhancing shareholder value.”
About NorthEast Community Bancorp, Inc.
NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.
Cautionary Note About Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation and its impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
| CONTACT: | Kenneth A. Martinek |
| Chairman and Chief Executive Officer | |
| PHONE: | (914) 684-2500 |
FAQ
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