HONESDALE — Dimeco Inc., the parent company of The Dime Bank, declared a cash dividend of 42 cents per share Friday — a 5% increase over the dividend declared in June 2024, company officials said.
The dividend will be payable July 24 to shareholders of record as of July 11, officials said.
Dimeco Inc. reported first-quarter assets of $1.1 billion, loans of $784 million and deposits of $934 million, officials said.
“This dividend acknowledges our shareholders’ unwavering support and investment in Dimeco Inc., underscoring our commitment to them,” said Peter Bochnovich, president and CEO of The Dime Bank. “We are dedicated to sustaining our growth and profitability, and to consistently providing our valued customers with exceptional financial products and services.”