Northeast Community Bancorp, Inc. (NASDAQ:NECB) Declares Dividend Increase – $0.20 Per Share

Northeast Community Bancorp, Inc. (NASDAQ:NECB) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors 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 increased its dividend payment by an average of 35.2% per year over the last three years. Northeast Community Bancorp has a dividend payout ratio of 18.9% indicating that 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

Northeast Community Bancorp stock opened at $23.41 on Friday. The firm has a 50 day moving average price of $23.96 and a 200-day moving average price of $25.48. 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 twelve month low of $14.84 and a twelve month high of $31.72. The company has a market capitalization of $328.28 million, a P/E ratio of 6.54 and a beta of 0.67.

Northeast Community Bancorp (NASDAQ:NECB) last released its earnings results on Wednesday, January 29th. The savings and loans company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). Northeast Community Bancorp had a return on equity of 15.96% and a net margin of 29.36%. As a group, equities analysts predict that Northeast Community Bancorp will post 3.04 EPS for the current year.

Northeast Community Bancorp Company Profile

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.