Dime Community Bancshares (NASDAQ:DCOMP) Stock Price Down 0.1% – Here’s Why

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) shares dropped 0.1% on Wednesday . The stock traded as low as $17.6111 and last traded at $17.76. Approximately 3,596 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 7,691 shares. The stock had previously closed at $17.77.

Dime Community Bancshares Stock Down 0.1%

The company’s fifty day moving average price is $18.22 and its 200-day moving average price is $18.59.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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.