Dime Commercial Bancshares Approves Quarterly Payout on Series A Preferred Shares
Dime Commercial Bancshares says its board approved a $0.34375 per-share quarterly payment on Series A preferred stock, payable November 16, 2026.
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what happened
According to GlobeNewswire, Dime Commercial Bancshares, Inc., the holding company of Dime Commercial Bank, said its board approved a quarterly payment of $0.34375 per share on its 5.50% non-cumulative perpetual preferred stock, Series A. The payment is scheduled for November 16, 2026, and goes to owners of the shares on the register as of November 9, 2026.
The company also noted that through Dime Commercial Bank it manages about $15 billion in assets and holds the top deposit market share on Greater Long Island.
why it matters
This is a routine corporate action with little effect on the broader market. The payout on preferred shares is set by the terms of the issue, so the announcement mainly confirms the schedule for investors. For the market, the main point is that the bank keeps meeting its obligations on these securities.
tags
instruments
sources
- Dime Commercial Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock — globenewswire.com, 29 October 2026 at 17:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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