Dime Community Misses Q1 EPS by 3 Cents, Declares $0.34375 Preferred Dividend
Dime Community posted Q1 EPS of $0.74, missing the $0.77 consensus and up from $0.57 a year ago. The board declared a $0.34375 quarterly cash dividend on its 5.50% Series A Preferred Stock, payable May 15 to holders of record May 8.
1. Q1 EPS Results
Dime Community reported earnings per share of $0.74 for the quarter ended March, falling short of the $0.77 consensus estimate while improving from $0.57 a year earlier.
2. Quarterly Preferred Dividend
The board approved a quarterly cash dividend of $0.34375 per share on the 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, with a May 8 record date and a May 15 payment date.
3. Company Overview
Dime is a New York-chartered trust company managing approximately $15 billion in assets and holds the top deposit market share among community banks under $20 billion across Kings, Queens, Nassau, and Suffolk counties.