Northeast Community Bancorp increases its quarterly payout to $0.25, marking a 25% rise from the previous $0.20 dividend.
Northeast Community Bancorp announced a 25% increase in its quarterly dividend to $0.25 per share, up from $0.20. The move reflects the bank’s confidence in sustained earnings growth and capital strength.
The prior dividend of $0.20 had been in place for the last four quarters. The new payout equates to a forward yield of 3.88%, based on current share prices.
The dividend is payable on August 6 to shareholders of record as of July 7, with an ex-dividend date set for July 7.