NorthEast Community Bancorp Hikes Quarterly Cash Dividend by 50% [Yahoo! Finance]
NorthEast Community Bancorp, Inc. (NECB)
US:NASDAQ Investor Relations:
necommunitybank.com/aboutus/investorrelations.aspx
Company Research
Source: Yahoo! Finance
This reflects a 50% hike from the prior payout. Besides this, the company also announced a special cash dividend of 15 cents per share. Both dividends will be paid out on Nov. 6, 2024, to shareholders of record as of Oct 4. Prior to the latest hike, the bank increased its dividend by 66.7% to 10 cents per share this March. Based on its closing price of $23.24 as of Sept. 19, NECB's current dividend yield is 2.6%. Kenneth A. Martinek, chairman and CEO of NorthEast Community Bancorp said, “The payment of dividends continues to represent one part of our long-term commitment to enhancing shareholder value.” NECB's Other Capital Distribution Activities The company has an ongoing share repurchase program too. The plan, announced in May 2023, authorized the repurchase of additional 1.5 million shares, with no expiration date. As of June 30, 2024, 0.4 million shares were available under the authorization. This is the company's second buyback plan since it completed its second-step
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News
- NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2024GlobeNewswire
- Northeast Community Bancorp (NECB) to Report Q3 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Strength Seen in Northeast Community Bancorp (NECB): Can Its 6.6% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Investing in Northeast Community Bancorp (NASDAQ:NECB) five years ago would have delivered you a 232% gain [Yahoo! Finance]Yahoo! Finance
NECB
Earnings
- 10/28/24 - Beat
NECB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- NECB's page on the SEC website