Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (NASDAQ:DCOMG) Sees Large Decline in Short Interest

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (NASDAQ:DCOMGGet Free Report) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,230 shares, a decrease of 22.5% from the February 26th total of 2,879 shares. Based on an average daily volume of 3,291 shares, the short-interest ratio is currently 0.7 days.

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 Price Performance

Shares of NASDAQ:DCOMG opened at $26.32 on Friday. Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 has a 12-month low of $24.25 and a 12-month high of $26.98. The business has a 50-day moving average price of $26.35 and a 200 day moving average price of $26.33.

Dime Community Bancshares, Inc. – 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, March 31st.

Dime Community Bancshares, Inc is a bank holding company headquartered in Brooklyn, New York. Through its wholly owned subsidiary, Dime Community Bank, the company provides retail and commercial banking services across the New York metropolitan area. Established in 1864, Dime has expanded from a local savings institution into a regional bank with branches serving customers in Brooklyn, Queens, Staten Island, the Bronx, Manhattan and Westchester County.

The company’s commercial banking operations focus on lending for commercial real estate, including office, retail and multi‐family residential properties, as well as construction and development financing.

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