The revised dividend, which totals $1.00 on an annualized basis, offers investors a 3.9 percent annual yield. The payment is scheduled for distribution around August 6 to all shareholders of record as of July 7.
In section Market Quotes
NorthEast Community Bancorp Lifts Dividend by 25 Percent
Shareholders of NorthEast Community Bancorp are set for a pay bump as the institution raises its quarterly dividend to 25 cents per share. This 25 percent increase from the previous 20-cent payout reflects the company's latest capital distribution strategy following Wednesday’s market close at $25.47.
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