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NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

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NorthEast Community Bancorp (NECB) has declared a quarterly cash dividend of $0.15 per common share. The dividend will be paid on February 5, 2025 to shareholders of record as of January 3, 2025. The company operates through eleven branch offices across New York and Massachusetts counties, including Bronx, Orange, Rockland, Sullivan, Essex, Middlesex, and Norfolk, along with three loan production offices in New City, White Plains, and Danvers.

NorthEast Community Bancorp (NECB) ha dichiarato un dividendo in contante trimestrale di $0,15 per azione ordinaria. Il dividendo sarà pagato il 5 febbraio 2025 agli azionisti registrati al 3 gennaio 2025. L'azienda opera attraverso undici filiali nei distretti di New York e Massachusetts, tra cui Bronx, Orange, Rockland, Sullivan, Essex, Middlesex e Norfolk, oltre a tre uffici di produzione prestiti a New City, White Plains e Danvers.

NorthEast Community Bancorp (NECB) ha declarado un dividendo en efectivo trimestral de $0.15 por acción ordinaria. El dividendo se pagará el 5 de febrero de 2025 a los accionistas con derecho a recibirlo hasta el 3 de enero de 2025. La empresa opera a través de once sucursales en los condados de Nueva York y Massachusetts, incluyendo Bronx, Orange, Rockland, Sullivan, Essex, Middlesex y Norfolk, junto con tres oficinas de producción de préstamos en New City, White Plains y Danvers.

NorthEast Community Bancorp (NECB)주당 $0.15 현금 배당금을 분기별로 선언했습니다. 배당금은 2025년 2월 5일2025년 1월 3일 기준 주주에게 지급됩니다. 이 회사는 뉴욕과 매사추세츠 카운티에서 브롱크스, 오렌지, 록랜드, 설리번, 에식스, 미들세스 및 노포크를 포함하여 11개의 지점에서 운영되며, 뉴 시티, 화이트 플레인 및 댄버스에 3개의 대출 생산 사무소도 있습니다.

NorthEast Community Bancorp (NECB) a déclaré un dividende en espèces trimestriel de $0,15 par action ordinaire. Le dividende sera versé le 5 février 2025 aux actionnaires inscrits au 3 janvier 2025. L'entreprise opère à travers onze agences dans les comtés de New York et du Massachusetts, y compris le Bronx, Orange, Rockland, Sullivan, Essex, Middlesex et Norfolk, ainsi que trois bureaux de production de prêts à New City, White Plains et Danvers.

NorthEast Community Bancorp (NECB) hat eine vierteljährliche Bardividende von $0,15 pro Stammaktie erklärt. Die Dividende wird am 5. Februar 2025 an Aktionäre ausgezahlt, die am 3. Januar 2025 im Buch stehen. Das Unternehmen betreibt elf Niederlassungen in den Bezirken New York und Massachusetts, einschließlich Bronx, Orange, Rockland, Sullivan, Essex, Middlesex und Norfolk, sowie drei Kreditproduktionsbüros in New City, White Plains und Danvers.

Positive
  • Regular quarterly dividend payment demonstrates financial stability
  • $0.15 per share dividend provides consistent shareholder returns
Negative
  • None.

WHITE PLAINS, N.Y., Dec. 19, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share. The dividend will be paid on or about February 5, 2025 to shareholders of record as of the close of business on January 3, 2025.  

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

When is NECB's next dividend payment date?

NECB's next dividend payment is scheduled for February 5, 2025.

What is the dividend amount for NECB's Q1 2025 payment?

NECB declared a quarterly cash dividend of $0.15 per common share.

What is the record date for NECB's latest dividend?

The record date for NECB's latest dividend is January 3, 2025.

How many branch offices does NorthEast Community Bancorp operate?

NorthEast Community Bancorp operates eleven branch offices across New York and Massachusetts, plus three loan production offices.

Which states does NECB have branch locations in?

NECB has branch locations in New York and Massachusetts.

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312.00M
12.18M
13.17%
46.29%
1.08%
Banks - Regional
Savings Institutions, Not Federally Chartered
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United States of America
WHITE PLAINS