Northeast Community Bancorp, Inc. (NASDAQ:NECB) to Issue $0.10 Quarterly Dividend

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, July 5th.

Northeast Community Bancorp has increased its dividend payment by an average of 17.2% annually over the last three years. Northeast Community Bancorp has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.2 %

NECB stock traded up $0.04 during mid-day trading on Wednesday, reaching $17.96. 774 shares of the stock traded hands, compared to its average volume of 43,177. Northeast Community Bancorp has a 52-week low of $13.93 and a 52-week high of $18.00. The stock’s fifty day moving average is $16.94 and its 200-day moving average is $16.47. The company has a market cap of $251.98 million, a P/E ratio of 5.53 and a beta of 0.59.

Northeast Community Bancorp (NASDAQ:NECB) last issued its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. Northeast Community Bancorp had a net margin of 31.94% and a return on equity of 16.72%. The business had revenue of $25.54 million during the quarter, compared to the consensus estimate of $25.72 million. Equities research analysts expect that Northeast Community Bancorp will post 2.94 earnings per share for the current year.

Northeast Community Bancorp Company Profile

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.