Dimeco hikes dividend by 7.1%
This marks the ninth consecutive year of dividend growth for Dimeco. Over the past five years, the dividend has grown at a compound annual rate of approximately 5.8%. At a share price of $43.40, the new dividend implies a yield of about 4.2%. The ex-dividend date is December 31, 2025.
Dimeco, Inc. operates as the holding company for Dime Community Bank, providing commercial and retail banking services primarily in the New York metropolitan area. More information can be found on the website of Dimeco, Inc..
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