NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend
21 June 2024 - 5:00AM
NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB)
announced today that its Board of Directors has declared a
quarterly cash dividend of $0.10 per common share. The dividend
will be paid on or about August 6, 2024 to shareholders of record
as of the close of business on July 5, 2024.
About NorthEast Community Bancorp,
Inc.
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.
Cautionary Note About Forward-Looking
Statements
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 often include words such as
“believe,” “expect,” “anticipate,” “estimate,” and “intend” or
future or conditional verbs such as “will,” “would,” “should,”
“could,” or “may.” These statements are based upon the current
beliefs and expectations of the Company’s management and are
subject to significant risks and uncertainties. Actual results may
differ materially from those set forth in the forward-looking
statements as a result of numerous factors. Factors that could
cause actual results to differ materially from expected results
include, but are not limited to, changes in market interest rates,
regional and national economic conditions (including higher
inflation and its impact on regional and national economic
conditions), legislative and regulatory changes, monetary and
fiscal policies of the United States government, including policies
of the United States Treasury and the Federal Reserve Board, the
quality and composition of the loan or investment portfolios,
demand for loan products, decreases in deposit levels necessitating
increased borrowing to fund loans and securities, competition,
demand for financial services in NorthEast Community Bank’s market
area, changes in the real estate market values in NorthEast
Community Bank’s market area, the impact of failures or disruptions
in or breaches of the Company’s operational or security systems,
data or infrastructure, or those of third parties, including as a
result of cyberattacks or campaigns, and changes in relevant
accounting principles and guidelines. Additionally, other risks and
uncertainties may be described in our annual and quarterly reports
filed with the U.S. Securities and Exchange Commission (the “SEC”),
which are available through the SEC’s website located at
www.sec.gov. These risks and uncertainties should be considered in
evaluating any forward-looking statements and undue reliance should
not be placed on such statements. Except as required by applicable
law or regulation, the Company does not undertake, and specifically
disclaims any obligation, to release publicly the result of any
revisions that may be made to any forward-looking statements to
reflect events or circumstances after the date of the statements or
to reflect the occurrence of anticipated or unanticipated
events.
CONTACT: |
|
Kenneth A. Martinek |
|
|
Chairman and Chief Executive Officer |
PHONE: |
|
(914) 684-2500 |
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