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Dimeco, Inc. Declares Cash Dividend

Posted 6/24/22

HONESDALE, PA - The Board of Directors of Dimeco, Inc. (DIMC) declared a dividend of $0.36 per share, payable on July 21, to shareholders of record June 30, 2022. This dividend is a 5.9% increase …

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Dimeco, Inc. Declares Cash Dividend

Posted

HONESDALE, PA - The Board of Directors of Dimeco, Inc. (DIMC) declared a dividend of $0.36 per share, payable on July 21, to shareholders of record June 30, 2022. This dividend is a 5.9% increase over the dividend declared in June 2021. Based on the closing stock price of $44.50 on June 16, 2022, this represents a dividend yield of 3.24%.

President and Chief Executive Officer Peter Bochnovich commented, “As always, we thank our shareholders for their trust, commitment and investment in Dimeco, Inc.”

Dimeco, Inc. is the holding company of The Dime Bank, a full-service financial institution serving Northeast Pennsylvania. Dimeco, Inc. reported first quarter 2022 assets of $961 million, loans of $645 million, and deposits of $820 million. Dimeco, Inc. trades on the OTC Pink Marketplace under symbol DIMC, operated by OTC Markets Group. For more information on The Dime Bank and Dimeco, Inc., visit www.thedimebank.com.

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