Dime Community Bancshares Announces Latest Cash Dividend Details
Dime Community Bancshares Announces Quarterly Cash Dividend
In a significant update from Hauppauge, New York, Dime Community Bancshares, Inc. has made headlines by announcing the declaration of a quarterly cash dividend of $0.34375 per share on its Series A Preferred Stock. This Public announcement was made by the company’s Board of Directors, demonstrating their commitment to rewarding shareholders.
The Financial Details of the Dividend
The dividend, which corresponds to a 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, is scheduled for payment on August 15 to those holders who are on record as of August 8. This timely news reinforces the company’s ongoing financial health and positive outlook.
About Dime Community Bancshares, Inc.
Dime Community Bancshares stands as the parent organization to Dime Community Bank, which is chartered in New York State. The bank boasts impressive assets exceeding $14 billion and holds the title of the number one deposit market share among community banks in the broader Long Island region. This prominent position illustrates the bank’s trust and reliability within the community, further enhancing the brand’s value.
Leadership and Investor Relations
For those interested in further details or potential investment opportunities, Dime Community Bancshares encourages contacting their Investor Relations. Avinash Reddy serves as the Senior Executive Vice President and Chief Financial Officer. Investors can reach out via phone at 718-782-6200, Ext. 5909, or through email at avinash.reddy@dime.com.
The Outlook for Dime Community Bancshares
Looking forward, Dime Community Bancshares continues to strengthen its position in the financial market. The declaration of dividends not only reflects the company’s robust financial standing but also indicates a commitment to maintaining shareholder confidence. As the firm navigates through economic changes and opportunities, its strategic decisions will likely further bolster its growth trajectory.
Market Position and Competitiveness
With Dime Community Bank being a significant player among community banks, its achievement of the leading deposit market share is indicative of its competitive strategies. The bank prioritizes customer satisfaction and offers a variety of banking products that cater to the needs of its clients. This focus on customer-centric services is likely to drive further loyalty and growth.
Frequently Asked Questions
What is the dividend amount declared by Dime Community Bancshares?
The company has declared a quarterly cash dividend of $0.34375 per share for its Series A Preferred Stock.
When will the dividend be paid?
The dividend is scheduled for payment on August 15 to investors holding shares as of August 8.
Who can I contact for investor relations?
Avinash Reddy, the Chief Financial Officer, can be contacted for investor relations inquiries at 718-782-6200, Ext. 5909.
What distinguishes Dime Community Bank in the market?
Dime Community Bank boasts over $14 billion in assets and holds the top deposit market share among community banks in the Long Island area, showcasing its significant market presence.
What's the significance of this dividend declaration?
The declaration signifies the company’s solid performance and commitment to shareholder returns, reflecting its ongoing financial health.
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