Northeast Community Bancorp, Inc. (NASDAQ:NECB) Declares Quarterly Dividend of $0.10

Northeast Community Bancorp, Inc. (NASDAQ:NECB) 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 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, July 5th.

Northeast Community Bancorp has raised its dividend payment by an average of 17.2% annually over the last three years. Northeast Community Bancorp has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.9 %

Shares of Northeast Community Bancorp stock opened at $18.08 on Thursday. The company has a 50 day moving average of $16.99 and a 200-day moving average of $16.48. The company has a market cap of $253.66 million, a PE ratio of 5.60 and a beta of 0.59. Northeast Community Bancorp has a 1-year low of $13.93 and a 1-year high of $18.08.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Thursday, April 25th. The savings and loans company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. Northeast Community Bancorp had a return on equity of 16.72% and a net margin of 31.94%. The firm had revenue of $25.54 million during the quarter, compared to analysts’ expectations of $25.72 million. Research analysts forecast that Northeast Community Bancorp will post 2.94 earnings per share 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.