Dimeco Inc. (DIMC) Dividend Declared June 2022Press Release | 06/21/2022
DIMECO, INC. DECLARES CASH DIVIDEND
Honesdale, PA, June 21, 2022 / The Board of Directors of Dimeco, Inc. (DIMC) declared a dividend of $0.36 per share, payable on July 21, 2022, 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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Dimeco Inc. published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 16:24:05 UTC.
Dimeco, Inc. is a bank holding company of The Dime Bank (the Bank). The Bank is a state-chartered bank and operates from approximately seven locations in northeastern Pennsylvania. It offers banking and bank-related services, including residential real estate, commercial mortgage, commercial and consumer financing, as well as interest earnings on investment securities. The Company, through its subsidiary, provides deposit services including checking, savings and certificate of deposit accounts and investment services. It offers a range of loans, such as consumer loans, home equity loans, mortgage loans, construction loans, and student loans. It provides business line of credit, business term loan, business vehicle loan, business equipment loan, capital improvement loan, and commercial real estate loan. Its online and mobile banking features include bill pay, voice bill pay, mobile wallet, external transfers, mobile deposit, e-statements and debit cards. It also offers merchant service.
DIMECO, INC. 
