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Dimeco, Inc. (OTCMKTS:DIMC) Increases Dividend to $0.42 Per Share

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Dimeco, Inc. (OTCMKTS:DIMC - Get Free Report) declared a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.42 per share on Thursday, January 23rd. This represents a $1.68 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Dimeco's previous quarterly dividend of $0.40.

Dimeco Price Performance

Dimeco stock traded up $1.00 during mid-day trading on Friday, reaching $40.00. 245 shares of the company traded hands, compared to its average volume of 940. The firm's fifty day moving average is $39.63 and its two-hundred day moving average is $38.37. The company has a market capitalization of $101.44 million, a price-to-earnings ratio of 7.84 and a beta of 0.09. Dimeco has a fifty-two week low of $33.50 and a fifty-two week high of $42.00.

Dimeco (OTCMKTS:DIMC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.53 earnings per share for the quarter. Dimeco had a return on equity of 13.09% and a net margin of 20.06%. The business had revenue of $12.07 million for the quarter.

About Dimeco

(Get Free Report)

Dimeco, Inc operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania. It accepts various deposits, including checking, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides consumer, home equity, mortgage, construction, student, business term, business vehicle, business equipment, capital improvement, and commercial real estate loans; business lines of credit; and acquisition financing and investment services.

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Dividend History for Dimeco (OTCMKTS:DIMC)

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