Why Did Dime Community Bancshares Plunge 10.86%?

On April 3, 2025, Dime Community Bancshares, Inc. (NASDAQ:DCOM) experienced a significant drop of 10.86% in pre-market trading, marking a notable decline in its stock performance.

Dime Community Bancshares, Inc. recently announced that it will pay a dividend of $0.25 per share on April 24, 2025. This dividend payment is expected to impact the stock's performance as investors anticipate the ex-dividend date, which is approximately two weeks away.

Institutional investors have shown varying levels of interest in Dime Community Bancshares. Prudential Financial Inc. increased its stake in the company by 39.2% during the fourth quarter, while Thrivent Financial for Lutherans decreased its holdings by 48.8% during the same period. HighTower Advisors LLC also increased its holdings in Dime Community Bancshares, reflecting a mixed sentiment among institutional investors.