Dimeco (OTCMKTS:DIMC) Releases Earnings Results

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

Dimeco Stock Performance

OTCMKTS:DIMC opened at $41.45 on Friday. Dimeco has a fifty-two week low of $33.70 and a fifty-two week high of $42.00. The company has a 50 day simple moving average of $39.42 and a two-hundred day simple moving average of $38.81. The company has a market capitalization of $105.28 million, a PE ratio of 8.13 and a beta of 0.09.

Dimeco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Dimeco’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 4.05%. Dimeco’s payout ratio is presently 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.