Northeast Community Bancorp, Inc. (NASDAQ:NECB – Get Free Report) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Friday, July 5th will be given a dividend of 0.10 per share by the savings and loans company on Tuesday, August 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, July 5th.
Northeast Community Bancorp has raised its dividend by an average of 17.2% per year over the last three years. Northeast Community Bancorp has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northeast Community Bancorp to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.8%.
Northeast Community Bancorp Stock Down 0.1 %
Shares of NECB traded down $0.01 during mid-day trading on Wednesday, hitting $17.91. 2,418 shares of the company’s stock traded hands, compared to its average volume of 43,192. The business’s 50-day moving average price is $16.94 and its 200-day moving average price is $16.47. Northeast Community Bancorp has a 1 year low of $13.93 and a 1 year high of $18.00. The firm has a market capitalization of $251.28 million, a P/E ratio of 5.53 and a beta of 0.59.
Northeast Community Bancorp Company Profile
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.
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