Dime Community Bancshares, Inc. : DCOM-US: Dividend Analysis : May 08th, 2017 (record date) : By the numbers : May 4, 2017

Our analysis is based on comparing Dime Community Bancshares, Inc. with the following peers – Astoria Financial Corporation, Flushing Financial Corporation, Greene County Bancorp, Inc., Northfield Bancorp, Inc., Lake Shore Bancorp, Inc., TrustCo Bank Corp NY, Northeast Community Bancorp, Inc., Carver Bancorp Inc. and Elmira Savings Bank (AF-US, FFIC-US, GCBC-US, NFBK-US, LSBK-US, TRST-US, NECB-US, CARV-US and ESBK-US).

Dime Community Bancshares, Inc.’s dividend yield is 2.88 percent and its dividend payout is 61.54 percent. This compares to a peer median dividend yield of 1.84 percent and a payout level of 45.71 percent. This type of dividend performance might make it a good stock for dividend investors. However, the company’s average dividend quality score of 58 out of a possible score of 100, points to some weakness in the sustainability of its robust payout ratio, and makes its less attractive for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), DCOM-US paid a medium quality dividend, which represents a yield of 2.88% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were medium quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 5.51x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), DCOM-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 0.97x), investing cash flow (coverage of -41.48x), issuance cash flow (coverage of 43.90x) and twelve-month prior cash (coverage of 9.37x), for a total dividend coverage of 5.27x.

DCOM-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -16.31x).

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 3.87 3.18 3.35 3.1 2.73 2.88
Dividend Payout (%) 47.86 45.53 45.53 45.53 28.43 61.54

A complete list of metrics and analysis is available on the company page.

Company Profile

Dime Community Bancshares, Inc. is a bank holding company for Dime Community Bank, which provides financial services and loans for housing within its market areas. It also provides commercial banking, business banking and commercial lending services to its customers. The company was founded on December 12, 1995 and is headquartered in Brooklyn, NY.


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