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HAUPPAUGE, N.Y. - Dime Community Bancshares, Inc. (NASDAQ:DCOM), a $1.34 billion market cap regional bank, announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock, representing a 3.23% dividend yield.
The dividend will be payable on October 24, 2025, to stockholders of record as of October 17, 2025, according to a company press release. According to InvestingPro data, DCOM has maintained dividend payments for 29 consecutive years, demonstrating a strong commitment to shareholder returns.
Dime Community Bancshares is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets. The bank maintains a significant presence in the Greater Long Island area.
The company noted that this payment continues its track record of uninterrupted dividend distributions to shareholders.
Dime Community Bank holds the top deposit market share position among community banks on Greater Long Island, which encompasses Kings, Queens, Nassau, and Suffolk counties, for institutions with less than $20 billion in assets.
In other recent news, Dime Community Bancshares reported its second-quarter earnings for 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.64, slightly above the forecasted $0.63, resulting in a 1.59% surprise. Revenue also surpassed projections, reaching $109.7 million compared to the anticipated $106.96 million, marking a 2.56% surprise. In addition to its financial performance, Dime Community Bancshares has expanded its commercial lending platform by hiring five new banking professionals. This strategic move aims to enhance its mid-corporate and specialty finance capabilities. Key appointments include Ryan Kent as Director of Commercial Strategic Initiatives and Elvis Grgurovic as Co-Head of the Mid Corporate vertical. Keefe, Bruyette & Woods (KBW) has reiterated an Outperform rating for Dime Community Bancshares, maintaining a price target of $36.00. The firm noted the company’s recent expansion efforts under the leadership of Tom Geisel, Senior Executive Vice President of Commercial Lending.
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