NorthEast Community Bancorp's most recent quarterly dividend payment of $0.06 per share was made to shareholders on record before Dec 30, 2022. The payout stands at $0.24 per share annually, which works out to a dividend yield of 1.62%.
NECB has a dividend yield of 1.62% which is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.72%, NorthEast Community Bancorp's dividend yield is 40% lower. The historical 5-year average of NECB's dividend yield is 1.3%, which is below the current yield.
NorthEast Community Bancorp has been paying dividends for the last 11 years. According to our data NECB has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 14% for the last year. However since the stock price has gone up by 33% from a year ago, the dividend yield has decreased by 14%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 30, 2022 | Feb 6, 2023 | Dec 15, 2022 | $0.06 | normal |
| Oct 13, 2022 | Nov 15, 2022 | Sep 29, 2022 | $0.06 | normal |
| Jul 1, 2022 | Aug 5, 2022 | Jun 23, 2022 | $0.06 | normal |
| Apr 7, 2022 | May 6, 2022 | Mar 24, 2022 | $0.06 | normal |
| Dec 31, 2021 | Feb 5, 2022 | Dec 16, 2021 | $0.06 | normal |
| Oct 22, 2021 | Nov 8, 2021 | Oct 12, 2021 | $0.06 | normal |
| Jul 30, 2021 | Aug 16, 2021 | Jul 22, 2021 | $0.06 | normal |
| Apr 8, 2021 | May 7, 2021 | Mar 17, 2021 | $0.03 | normal |
| Dec 31, 2020 | Feb 4, 2021 | Dec 16, 2020 | $0.03 | normal |
| Oct 8, 2020 | Nov 10, 2020 | Sep 24, 2020 | $0.03 | normal |
| Jul 22, 2020 | Aug 20, 2020 | Jul 8, 2020 | $0.03 | normal |
| Apr 8, 2020 | May 8, 2020 | Mar 17, 2020 | $0.03 | normal |
| Jan 2, 2020 | Feb 3, 2020 | Dec 19, 2019 | $0.03 | normal |
| Oct 3, 2019 | Nov 1, 2019 | Sep 18, 2019 | $0.03 | normal |
| Jul 3, 2019 | Aug 2, 2019 | Jun 20, 2019 | $0.03 | normal |
| Apr 11, 2019 | May 7, 2019 | Mar 28, 2019 | $0.03 | normal |
| Jan 4, 2019 | Jan 24, 2019 | Dec 19, 2018 | $0.03 | normal |
| Oct 4, 2018 | Nov 1, 2018 | Sep 20, 2018 | $0.03 | normal |
| Jul 5, 2018 | Aug 1, 2018 | Jun 21, 2018 | $0.03 | normal |
| Apr 5, 2018 | May 1, 2018 | Mar 22, 2018 | $0.03 | normal |
| Jan 5, 2018 | Jan 24, 2018 | Dec 20, 2017 | $0.03 | normal |
| Oct 5, 2017 | Nov 1, 2017 | Sep 13, 2017 | $0.03 | normal |
| Jun 30, 2017 | Aug 1, 2017 | Jun 22, 2017 | $0.03 | normal |
| Apr 3, 2017 | May 1, 2017 | Mar 23, 2017 | $0.03 | normal |
NECB has a payout ratio of 17.9% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 31.1%, NorthEast Community Bancorp's payout ratio is 42% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FFIC Flushing Financial Corp | 4.64% | $0.88 | 32.4% |
| TRST Trustco Bank Corp N Y | 4.05% | $1.41 | 38.3% |
| NFBK Northfield Bancorp Inc | 3.57% | $0.52 | 38.5% |
| NECB NorthEast Community Bancorp Inc | 1.58% | $0.24 | 17.9% |
| GCBC Greene County Bancorp Inc | 1.13% | $0.54 | 15.4% |
Yes, NorthEast Community Bancorp has paid four dividends in the last 12 months. NECB has been paying dividends since 2007.
NECB hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in March 2023.
NorthEast Community Bancorp's last regular dividend was on Dec 30, 2022 (ex-date) with the amount of $0.06 per share.
On an annual basis NECB pays $0.24 per share.
Currently NorthEast Community Bancorp's dividend yield is 1.62%.
NorthEast Community Bancorp has a quarterly dividend frequency.
The dividend payout ratio of NorthEast Community Bancorp is 17.9%.
NorthEast Community Bancorp's dividend yield is below the Financial Services sector average.