Dimeco (OTCMKTS:DIMC) Issues Quarterly Earnings Results

Dimeco (OTCMKTS:DIMC) posted its quarterly earnings data on Thursday. The company reported $1.44 earnings per share for the quarter, Zacks reports. Dimeco had a net margin of 20.06% and a return on equity of 13.09%.

Dimeco Trading Up 3.6 %

DIMC stock opened at $41.45 on Friday. Dimeco has a 12-month low of $33.70 and a 12-month high of $42.00. The business’s 50-day moving average is $39.41 and its 200 day moving average is $38.83. The stock has a market cap of $105.28 million, a price-to-earnings ratio of 7.84 and a beta of 0.09.

Dimeco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Tuesday, December 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Dimeco’s previous quarterly dividend of $0.40. Dimeco’s dividend payout ratio is 32.94%.

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.