NorthEast Community Bancorp (NECB) Hikes Dividend by 66.7% [Yahoo! Finance]
NorthEast Community Bancorp, Inc. (NECB)
US:NASDAQ Investor Relations:
necommunitybank.com/aboutus/investorrelations.aspx
Company Research
Source: Yahoo! Finance
The company has announced a dividend of 10 cents per share, representing a surge of 66.7% from the prior payout. The dividend will be paid out on May 6 to shareholders on record as of Apr 5. Prior to this, the company raised its quarterly cash dividend by 200% to 6 cents per share in 2021. NECB's annualized growth rate over the past five years is 34.5%, and the payout ratio is 8% of earnings. This indicates that the company retains ample earnings for reinvestment and future growth initiatives while still delivering attractive returns to shareholders. 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.” Further, in 2022, NCEB announced a special cash dividend of 18 cents per share. NECB also has a share repurchase plan in place. Last May, the company announced its second share repurchase program, under which it is authorized to buy back 1
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NECB
News
- NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2024GlobeNewswire
- Investing in Northeast Community Bancorp (NASDAQ:NECB) five years ago would have delivered you a 101% gain [Yahoo! Finance]Yahoo! Finance
- Is Northeast Community Bancorp (NECB) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Northeast Community Bancorp's (NASDAQ:NECB) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
NECB
Earnings
- 2/1/24 - Beat
NECB
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- NECB's page on the SEC website