Dime Community Bancshares, Inc. (NASDAQ:DCOMP – Get Free Report) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,516 shares, a growth of 61.1% from the January 29th total of 2,183 shares. Based on an average daily trading volume, of 7,139 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 7,139 shares, the short-interest ratio is presently 0.5 days.
Dime Community Bancshares Trading Up 2.1%
Shares of NASDAQ:DCOMP traded up $0.39 during trading on Monday, hitting $19.34. 3,100 shares of the company were exchanged, compared to its average volume of 6,669. Dime Community Bancshares has a 52-week low of $17.05 and a 52-week high of $20.75. The stock has a 50 day moving average of $18.86 and a 200 day moving average of $19.01.
Dime Community Bancshares Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a $0.3438 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.38 annualized dividend and a yield of 7.1%. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25.
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.
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