Dime Community Bancshares Announces Quarterly Cash Dividend
Dime Community Bancshares' Latest Dividend Announcement
Dime Community Bancshares, Inc. has officially declared a quarterly cash dividend of $0.34375 per share for its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This announcement marks a significant moment for shareholders and reflects the company’s commitment to providing value to its investors. The dividend is set to be paid out on a predetermined date to those shareholders on record.
Details of the Dividend Declaration
The Company stated that shareholders will receive the cash dividend on May 15, provided they hold their shares as of May 8. Such dividends are crucial for investors who consider regular income from their investments, and this decision showcases Dime Community Bancshares’ robust financial health and commitment to enhancing shareholders' return.
About Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc. stands out as an innovative banking institution. It serves as the holding company for Dime Community Bank, which operates as a New York State-chartered trust company. Dime Community Bank is recognized for its impressive financial standing, boasting assets exceeding $14 billion. Furthermore, it holds the leading deposit market share among community banks on Greater Long Island, showcasing its strong presence in the local banking landscape.
Market Position and Financial Performance
With its continued growth, Dime Community Bancshares has established itself as a significant player in the banking sector. The total deposit market share for community banks in areas such as Kings, Queens, Nassau, and Suffolk counties reflects its strategy to cater to individuals and businesses alike. This local focus has allowed Dime Community Bancshares to nurture relationships with its client base, further enhancing its reputation and financial stability.
Investor Relations and Communication
Investor relations are vital in maintaining transparency and trust between Dime Community Bancshares and its shareholders. Avinash Reddy, Senior Executive Vice President and Chief Financial Officer of the company, is the key contact for investors seeking information or clarifications regarding the Company’s financial strategies, including dividends. He can be reached at 718-782-6200, extension 5909, or via email, reflecting Dime's commitment to accessibility and communication.
Future Considerations
Looking forward, Dime Community Bancshares is set to continue allocating resources effectively to drive growth and enhance shareholder value. The management’s focus on maintaining its market position and optimizing profitability strategies will likely add to the company’s appeal for current and prospective investors.
Frequently Asked Questions
What is the declared dividend amount for Dime Community Bancshares?
The declared dividend amount is $0.34375 per share.
When will the dividend be paid out?
The dividend will be paid out on May 15 to shareholders on record as of May 8.
How does Dime Community Bancshares maintain its market position?
The company maintains its market position through strong community relationships and strategic financial management.
Who can investors contact for more information?
Investors can contact Avinash Reddy, the Chief Financial Officer, for inquiries related to their investments.
What financial assets does Dime Community Bancshares manage?
Dime Community Bancshares manages over $14 billion in assets, primarily focusing on community banking services.
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