Northeast Community Bancorp, Inc. (NASDAQ: NECB) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per common share. The dividend will be paid on or about August 1, 2012 to stockholders of record as of the close of business on July 9, 2012, including Northeast Community Bancorp, MHC, the majority stockholder of the Northeast Community Bancorp.
Northeast Community Bancorp, MHC, has determined not to waive receipt of this quarterly dividend as it has done in prior years.
Northeast Community Bancorp, Inc. is the holding company for Northeast Community Bank. Northeast Community Bank is a federally chartered savings bank that operates four full-service branches in New York and three full-service branches in Danvers, Plymouth and Framingham, Massachusetts and loan production offices in Danvers, Massachusetts and White Plains, New York.