Dime Community Bancshares (NASDAQ:DCOMP) Stock Price Down 1.1% – Here’s What Happened

Dime Community Bancshares, Inc. (NASDAQ:DCOMP)’s stock price dropped 1.1% during mid-day trading on Thursday. The company traded as low as $16.70 and last traded at $16.90. 21,297 shares traded hands during trading, an increase of 177% from the average daily volume of 7,691 shares. The stock had previously closed at $17.0899.

Dime Community Bancshares Stock Up 0.8%

The business has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $17.72.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 9th will be issued a $0.3438 dividend. This represents a $1.38 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, November 9th.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the holding company for Dime Community Bank, a community-focused financial institution serving businesses, consumers and municipalities in the New York metropolitan area. The company’s primary markets include Long Island and New York City, with banking offices serving communities in Brooklyn, Queens, Manhattan, Nassau County and Suffolk County.

Dime Community Bank offers deposit products, residential and commercial real estate lending, commercial and industrial loans, small-business financing and consumer banking services.