Northeast Community Bancorp, Inc. (NASDAQ:NECB) Declares Quarterly Dividend of $0.20

Northeast Community Bancorp, Inc. (NASDAQ:NECB - Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Monday, April 7th will be given a dividend of 0.20 per share by the savings and loans company on Tuesday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, April 7th. This is a 33.3% increase from Northeast Community Bancorp's previous quarterly dividend of $0.15.

Northeast Community Bancorp has raised its dividend by an average of 35.2% annually over the last three years. Northeast Community Bancorp has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.9%.

Northeast Community Bancorp Trading Up 1.5 %

NASDAQ NECB traded up $0.34 during trading on Monday, reaching $23.40. 38,911 shares of the stock traded hands, compared to its average volume of 54,850. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $328.14 million, a price-to-earnings ratio of 6.54 and a beta of 0.67. The stock's 50-day moving average price is $23.96 and its 200 day moving average price is $25.53. Northeast Community Bancorp has a fifty-two week low of $14.84 and a fifty-two week high of $31.72.

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Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. Analysts predict that Northeast Community Bancorp will post 3.04 EPS for the current year.

About Northeast Community Bancorp

Northeast Community Bancorp, Inc operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits.