Business
NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend
WHITE PLAINS, N.Y., March 20, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about May 6, 2025 to shareholders of record as of the close of business on April 7, 2025. “We are pleased to increase our quarterly dividend to shareholders,” said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company.
About this update from Northeast Community Bancorp, Inc.
[{"type":"image","alt":"NorthEast Community Bancorp, Inc.","displaySize":"","headline":null,"caption":"NorthEast Community Bancorp, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":186,"url":"https://media.zenfs.com/en/globenewswire.com/7c792126a6a0ed3c3f0a31b5ff6f30b4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0RiFN2pHDNALEskxoOPB2g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI2MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7c792126a6a0ed3c3f0a31b5ff6f30b4","width":300,"height":186}},"lazy":false},{"type":"text","content":"WHITE PLAINS, N.Y., March 20, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about May 6, 2025 to shareholders of record as of the close of business on April 7, 2025.","length":351,"tagName":"p"},{"type":"text","content":"“We are pleased to increase our quarterly dividend to shareholders,” said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company. “The payment of dividends continues to represent one part of our long-term commitment to enhancing shareholder value.”","length":266,"tagName":"p"},{"type":"text","content":"About NorthEast Community Bancorp, Inc.","length":39,"tagName":"p"},{"type":"text","content":"NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.","length":576,"tagName":"p"},{"type":"text","content":"Cautionary Note About Forward-Looking Statements","length":48,"tagName":"p"},{"type":"text","content":"This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They ofte...