Dimeco, Inc. (OTCMKTS:DIMC) Announces $0.40 Quarterly Dividend

Dimeco, Inc. (OTCMKTS:DIMC) announced a quarterly dividend on Thursday, September 26th, NASDAQ reports. Shareholders of record on Monday, October 7th will be paid 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

DIMC stock opened at $37.39 on Friday. The company has a market capitalization of $94.75 million, a P/E ratio of 8.40 and a beta of 0.10. Dimeco has a twelve month low of $32.25 and a twelve month high of $40.80. The firm has a 50 day simple moving average of $38.97 and a 200-day simple moving average of $37.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35.

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

Dimeco Company Profile

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.