Northeast Community Bancorp Inc. (NASDAQ:NECB) Plans Quarterly Dividend of $0.25

Northeast Community Bancorp Inc. (NASDAQ:NECB) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, July 7th will be given a dividend of 0.25 per share by the savings and loans company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 25.0% increase from Northeast Community Bancorp’s previous quarterly dividend of $0.20.

Northeast Community Bancorp has raised its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 2 years. Northeast Community Bancorp has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northeast Community Bancorp to earn $3.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.1%.

Northeast Community Bancorp Stock Performance

Shares of NECB opened at $25.74 on Friday. The firm has a market capitalization of $355.47 million, a P/E ratio of 7.99 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 1.17. Northeast Community Bancorp has a one year low of $19.27 and a one year high of $26.14. The business has a fifty day moving average of $24.58 and a 200 day moving average of $23.84.

Northeast Community Bancorp (NASDAQ:NECB) last posted its earnings results on Thursday, April 30th. The savings and loans company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $24.93 million during the quarter, compared to the consensus estimate of $26.42 million. Northeast Community Bancorp had a net margin of 28.16% and a return on equity of 12.62%. As a group, sell-side analysts anticipate that Northeast Community Bancorp will post 3.25 EPS for the current year.

About Northeast Community Bancorp

Northeast Community Bancorp is the bank holding company for Northeast Bank, a full-service community bank headquartered in DeKalb, Illinois. Through its principal subsidiary, the company provides a range of deposit and lending products designed to meet the financial needs of individuals, families and small to mid-sized businesses in the northern Illinois market.

The company’s loan portfolio encompasses consumer and mortgage lending, home equity lines of credit, commercial real estate financing, SBA-guaranteed loans and agricultural credits.