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Stock impact report

NorthEast Community Bancorp, Inc. Announces Initial Quarterly Cash Dividend

NorthEast Community Bancorp, Inc. (NECB) 
Company Research Source: GlobeNewswire
WHITE PLAINS, New York, July 22, 2021 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (NasdaqCM: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share. The dividend will be paid on or about August 16, 2021 to shareholders of record as of the close of business on August 2, 2021.   This is the first cash dividend for the Company since the completion of NorthEast Community Bank’s conversion from the mutual holding company form of organization to the stock holding company form of organization. “We are pleased to pay our first dividend to shareholders since the completion of our second step conversion,” said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company. “The payment of dividends represents one part of our long-term commitment to enhancing shareholder value and we intend to continue paying a quarterly dividend in the future, so long as our financial position continues to allow Show less Read more
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