Northeast Community Bancorp, Inc. (NASDAQ:NECB) to Issue Quarterly Dividend of $0.20

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Monday, April 7th will be given a dividend of 0.20 per share by the savings and loans company on Tuesday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. This is a 33.3% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.15.

Northeast Community Bancorp has raised its dividend by an average of 35.2% per year over the last three years. Northeast Community Bancorp has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Northeast Community Bancorp to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.9%.

Northeast Community Bancorp Price Performance

Shares of NASDAQ NECB remained flat at $23.41 during mid-day trading on Thursday. The stock had a trading volume of 27,567 shares, compared to its average volume of 54,627. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Northeast Community Bancorp has a 1 year low of $14.84 and a 1 year high of $31.72. The firm’s 50 day simple moving average is $23.97 and its two-hundred day simple moving average is $25.50. The company has a market cap of $328.28 million, a price-to-earnings ratio of 6.54 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB) last posted its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. Analysts anticipate that Northeast Community Bancorp will post 3.04 EPS for the current fiscal year.

About Northeast Community Bancorp

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.