Dimeco (OTCMKTS:DIMC) Releases Quarterly Earnings Results

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

Dimeco Trading Up 3.6 %

Shares of DIMC traded up $1.45 during midday trading on Thursday, reaching $41.45. 8,455 shares of the company were exchanged, compared to its average volume of 1,606. Dimeco has a 1-year low of $33.70 and a 1-year high of $42.00. The stock has a 50-day moving average price of $39.42 and a 200-day moving average price of $38.81. The company has a market cap of $105.28 million, a price-to-earnings ratio of 8.13 and a beta of 0.09.

Dimeco Increases Dividend

The firm 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. This represents a $1.68 dividend on an annualized basis and a yield of 4.05%. This is a boost from Dimeco’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. Dimeco’s payout ratio is 32.94%.

About Dimeco

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.