Dime Community Stock To Go Ex-dividend Tomorrow (DCOM)
The ex-dividend date for Dime Community (Nasdaq:DCOM) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $11.27 as of 9:30 a.m., the dividend yield is 4.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Dime Community (Nasdaq: DCOM) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $11.27 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for Dime Community has been 174,600 shares per day over the past 30 days. Dime Community has a market cap of $417.2 million and is part of the financial sector and banking industry. Shares are down 24.8% year to date as of the close of trading on Tuesday. Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans primarily for multifamily housing. The company has a P/E ratio of nine, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dime Community as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Dime Community Ratings Report. See our dividend calendar or top-yielding stocks list.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
Looking at the universe of stocks we cover at Dividend Channel, on 1/29/15, Dime Community Bancshares, Inc will trade ex-dividend, for its quarterly dividend of $0.14, payable on 2/10/15. As a percentage of DCOM's recent stock price of $15.21, this dividend works out to approximately 0.92%, so look for shares of Dime Community Bancshares, Inc to trade 0.92% lower — all else being equal — when DCOM shares open for trading on 1/29/15.