The Dime Bank Declares Cash Dividend The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend of $0.40 per share, payable on July 25, 2024, to shareholders of record July 1, 2024. This dividend is a 5.3% increase, or $0.02, over the dividend declared in June 2023. Based on the closing stock price of $35.89, this represents a dividend yield of 4.46%. President and Chief Executive Officer Peter Bochnovich commented, “We are dedicated to acknowledging our shareholders for their ongoing support and investment in Dimeco, Inc. This dividend serves as a testament to that commitment. Our objective is to sustain our growth and profitability trends, all while delivering top-notch financial products and services to our valued customers.” Dimeco, Inc. is the holding company of The Dime Bank, a full-service financial institution serving Northeast Pennsylvania. Dimeco, Inc. reported first quarter 2024 assets of $1 billion, loans of $744 million, and deposits of $845 million. Dimeco, Inc. trades on the OTCQX Marketplace under symbol DIMC, operated by OTC Markets Group. For more information on The Dime Bank and Dimeco, Inc., visit www.thedime.bank.
The Dime Bank Announces Cash Dividend On March 21, 2024, The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) and its subsidiary The Dime Bank declared a dividend of $.40 per share for the first quarter of 2024, which represents a dividend yield of 4.64% based on the closing stock price of $34.50. The dividend is payable on April 25, 2024, to shareholders of record on April 1, 2024. This dividend is an increase of $0.02 per share, or 5.26% over the dividend declared for the same period 2023. President and Chief Executive Officer Peter Bochnovich, stated, “Our shareholders play a crucial role in the success of Dimeco, Inc. Their investment empowers us to be innovative within our industry and bring the best financial services to our communities. This dividend shows our gratitude for their unwavering commitment and trust in our company.”
Wayne Bank Announces Cash Dividend James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share quarterly cash dividend payable May 1, 2024, to shareholders of record as of April 15, 2024. The $0.30 per share represents an increase of 3.5% over the cash dividend declared in the first quarter of 2023. Mr. Donnelly commented, “The Board is extremely pleased to provide our shareholders with this quarterly cash dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance.”
The Dime Bank Declares Cash Dividend On December 21, 2023, the Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend of $0.40 per share. This dividend is an increase of $0.02 from the dividend declared in September 2023, bringing dividends to $1.54 per share, or $.08 greater than dividends declared in 2022. A dividend of $.40 per share produces a yield of 4.60% based on the December 21, 2023 market value of $33.50 per share. Dividends are payable to shareholders of record on January 2, 2024. The dividends will be paid on January 25, 2024, the anticipated date to release earnings for the year ended December 31, 2023. President and Chief Executive Officer Peter Bochnovich commented, “At Dimeco, we hold our shareholders in high regard and increasing the dividend is a way to show our appreciation. We thank our shareholders and customers for their continued support, and we wish everyone a prosperous 2024.” Dimeco, Inc. reported third quarter 2023 assets of $986 million, loans of $710 million and deposits of $785 million. Dimeco, Inc. is the holding company of The Dime Bank, a full-service financial institution serving Northeast Pennsylvania. Dimeco, Inc. trades on the OTCQX Marketplace under symbol DIMC, operated by OTC Markets Group. For more information on Dimeco, Inc. and The Dime Bank, visit www.thedimebank.com.
DIMECO, INC. Declares Cash Dividend On March 23, 2023, The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend of $.38 per share for the first quarter of 2023, which represents a dividend yield of 4.05% based on the closing stock price of $37.50. The dividend is payable on April 27, 2023, to shareholders of record on April 6, 2023. This dividend is an increase of $0.02 per share, or 5.56% over the dividend declared for the same period 2022. President and Chief Executive Officer Peter Bochnovich, stated, “Our shareholders’ investment is the foundation for the sustained growth of Dimeco, Inc. The increased dividend is our way to show that we value their continued support and commitment.”
