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

Northeast Community Bancorp, Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders of record on Friday, July 5th will be paid 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 2.21%. The ex-dividend date is Friday, July 5th.

Northeast Community Bancorp has increased its dividend payment by an average of 17.2% per year over the last three years. Northeast Community Bancorp has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. 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 0.9 %

Shares of NECB opened at $18.08 on Thursday. The firm has a market cap of $253.66 million, a price-to-earnings ratio of 5.60 and a beta of 0.59. The stock has a 50 day moving average of $16.99 and a 200-day moving average of $16.48. Northeast Community Bancorp has a 52 week low of $13.93 and a 52 week high of $18.08.

Northeast Community Bancorp (NASDAQ:NECB) last released its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. Northeast Community Bancorp had a return on equity of 16.72% and a net margin of 31.94%. The business had revenue of $25.54 million during the quarter, compared to analyst estimates of $25.72 million. On average, sell-side analysts predict that Northeast Community Bancorp will post 2.94 earnings per share for the current fiscal 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.