Dime Community Bancshares (NASDAQ:DCOMP) Shares Down 3.8% – Here’s Why

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) shares dropped 3.8% during trading on Thursday . The stock traded as low as $17.6301 and last traded at $17.8073. Approximately 5,611 shares were traded during trading, a decline of 27% from the average daily volume of 7,691 shares. The stock had previously closed at $18.51.

Dime Community Bancshares Trading Down 3.8%

The firm’s fifty day simple moving average is $18.51 and its 200 day simple moving average is $18.69.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a dividend of $0.3438 per share. This represents a $1.38 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Friday, May 8th.

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.