NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend
NorthEast Community Bancorp has declared a quarterly cash dividend of $0.06 per common share, set to be paid on or about May 8, 2023. Shareholders of record as of April 11, 2023 will benefit from this dividend. The company operates eight branches in New York and three in Massachusetts, focusing on providing financial services in its market area. This announcement reflects the company's commitment to returning value to its shareholders amidst ongoing economic conditions.
- Quarterly cash dividend of $0.06 per share enhances shareholder value.
- Demonstrates company confidence in financial stability.
- None.
WHITE PLAINS, N.Y., March 28, 2023 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of
About NorthEast Community Bancorp, Inc.
The Company is the holding company for NorthEast Community Bank. NorthEast Community Bank is a New York State chartered savings bank that operates eight full-service branches in New York and three full-service branches Massachusetts and loan production offices in White Plains and New City, New York.
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.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain 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, the effect of the COVID-19 pandemic (including its impact on NorthEast Community Bank’s business operations and credit quality, on our customers and their ability to repay their loan obligations and on general economic and financial market 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, deposit flows, 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 and changes in relevant accounting principles and guidelines. 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
What is the dividend amount declared by NorthEast Community Bancorp for Q1 2023?
When will the dividend be paid to shareholders of NorthEast Community Bancorp?
What is the record date for the dividend payment by NECB?
How many branches does NorthEast Community Bank operate?
