Dime Community Bancshares, Inc. (NASDAQ:DCOMP – Get Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 2,633 shares, a decline of 79.5% from the February 26th total of 12,861 shares. Based on an average daily trading volume, of 4,418 shares, the short-interest ratio is currently 0.6 days.
Dime Community Bancshares Stock Down 0.4%
Shares of Dime Community Bancshares stock traded down $0.07 during trading on Friday, hitting $18.43. The company’s stock had a trading volume of 3,203 shares, compared to its average volume of 5,780. Dime Community Bancshares has a 52 week low of $17.05 and a 52 week high of $20.75. The company has a fifty day simple moving average of $19.15 and a two-hundred day simple moving average of $19.00.
Dime Community Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a dividend of $0.3438 per share. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, February 6th.
Dime Community Bancshares Company Profile
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.
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