Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Sees Large Drop in Short Interest

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 2,183 shares, a decline of 65.0% from the January 15th total of 6,237 shares. Based on an average trading volume of 5,017 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 5,017 shares, the days-to-cover ratio is currently 0.4 days.

Dime Community Bancshares Trading Down 0.4%

Shares of DCOMP opened at $19.14 on Wednesday. The business’s fifty day moving average is $18.53 and its 200 day moving average is $19.03. Dime Community Bancshares has a 12-month low of $17.05 and a 12-month high of $20.75.

Dime Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be paid a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 7.2%. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 6th.

About Dime Community Bancshares

Dime Community Bancshares (NASDAQ:DCOMP) is the bank holding company for Dime Community Bank, a commercial bank headquartered in Hauppauge, New York. The company specializes in originating and servicing commercial real estate loans, with a primary focus on income-producing multifamily, office, retail and industrial properties. In addition to its lending activities, Dime Community Bancshares offers deposit products, cash management services and treasury solutions to small and medium-sized businesses as well as individual customers across its branch network.

The roots of Dime Community Bancshares trace back to the Dime Savings Bank of Williamsburgh, founded in 1864.