Dimeco, Inc. (DIMC) to Issue Quarterly Dividend of $0.40 on October 24th

Dimeco, Inc. (OTCMKTS:DIMC) declared a quarterly dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Monday, October 7th will be given a dividend of 0.40 per share on Thursday, October 24th. This represents a $1.60 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Monday, October 7th.

Dimeco Price Performance

Shares of DIMC opened at $37.39 on Friday. Dimeco has a 52-week low of $32.25 and a 52-week high of $40.80. The company has a market capitalization of $94.75 million, a PE ratio of 8.40 and a beta of 0.10. The stock has a fifty day simple moving average of $38.97 and a two-hundred day simple moving average of $37.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.35.

Dimeco (OTCMKTS:DIMC) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.21 earnings per share for the quarter. The business had revenue of $11.03 million during the quarter. Dimeco had a return on equity of 11.44% and a net margin of 18.46%.

About Dimeco

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.