Dimeco (OTCMKTS:DIMC) Announces Quarterly Earnings Results

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

Dimeco Stock Performance

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

Dimeco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Tuesday, December 31st will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.05%. This is an increase from Dimeco’s previous quarterly dividend of $0.40. Dimeco’s dividend payout ratio (DPR) is currently 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.