Northeast Community Bancorp, Inc. (NASDAQ:NECB – Get Free Report) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, July 5th.
Northeast Community Bancorp has increased its dividend by an average of 17.2% per year over the last three years. Northeast Community Bancorp has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance
NECB traded down $0.01 during trading on Wednesday, reaching $17.91. The company had a trading volume of 2,418 shares, compared to its average volume of 43,192. The company has a market cap of $251.28 million, a P/E ratio of 5.53 and a beta of 0.59. Northeast Community Bancorp has a 12 month low of $13.93 and a 12 month high of $18.00. The business’s fifty day moving average price is $16.94 and its 200 day moving average price is $16.47.
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.
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