Dimeco (OTCMKTS:DIMC) Issues Quarterly Earnings Results

Dimeco (OTCMKTS:DIMC) posted its quarterly earnings results on Thursday. The company reported $1.44 earnings per share (EPS) for the quarter, Zacks reports. Dimeco had a net margin of 20.06% and a return on equity of 13.09%.

Dimeco Trading Up 3.6 %

Shares of DIMC stock traded up $1.45 during mid-day trading on Thursday, reaching $41.45. The stock had a trading volume of 8,455 shares, compared to its average volume of 1,606. The firm has a market capitalization of $105.28 million, a PE ratio of 8.13 and a beta of 0.09. The stock’s 50-day moving average price is $39.42 and its two-hundred day moving average price is $38.81. Dimeco has a 52-week low of $33.70 and a 52-week high of $42.00.

Dimeco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 annualized dividend and a yield of 4.05%. This is a boost from Dimeco’s previous quarterly dividend of $0.40. Dimeco’s dividend payout ratio is presently 32.94%.

Dimeco Company Profile

Dimeco, Inc operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania. It accepts various deposits, including checking, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides consumer, home equity, mortgage, construction, student, business term, business vehicle, business equipment, capital improvement, and commercial real estate loans; business lines of credit; and acquisition financing and investment services.