Dime Community Bancshares(NASDAQ:DCOM) Declares Dividend of $0.1400.

Dime Community Bancshares (NASDAQ:DCOM) had declared a cash dividend of $0.1400 on Jul 28, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed for Aug 8, 2016. On Jul 28, 2016 share price, the yield comes out to be 3.2073%. The dividend payable date has been fixed on Aug 16, 2016.

In a different note, On Jun 3, 2016, Piper Jaffray said it Downgrades its rating on Dime Community Bancshares. The shares have been rated ‘Neutral’ by the firm.

Dime Community Bancshares (DCOM) shares turned negative on Thursdays trading session with the shares closing down -0.15 points or -0.87% at a volume of 73,342. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.19. The peak price level was also seen at $17.19 while the days lowest was $17.04. Finally the shares closed at $17.07. The 52-week high of the shares is $18.87 while the 52-week low is $15.61. According to the latest information available, the market cap of the company is $642 M.

Dime Community Bancshares(DCOM) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $35.61M. Analysts had an estimated revenue of $36.52M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Timothy B King (EXECUTIVE VICE PRESIDENT) sold 5,453 shares at $18.55 per share price.Also, On May 31, 2016, Terence J Mitchell (Exec. VP -Chief Retail Officer) sold 8,541 shares at $18.50 per share price.On May 26, 2016, Steven D Cohn (director) sold 7,500 shares at $18.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Dime Community Bancshares Inc. is a unitary savings and loan holding company. The Company operates as the holding company for The Dime Savings Bank of Williamsburgh (the Bank) a chartered savings bank. The Bank’s principal business is gathering retail deposits and lending them primarily in multifamily residential commercial real estate and mixed use loans as well as investing in mortgage-backed securities (MBS) obligations of the United States Government and Government Sponsored Entities (GSEs) and corporate debt and equity securities. The Bank’s primary sources of funds are in general deposits; loan amortization prepayments and maturities; MBS amortization prepayments and maturities; investment securities maturities and sales and advances from the Federal Home Loan Bank of New York (FHLBNY).

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