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After the dividend cut, the yield is a tiny 0.4% or so. That compares to the broader banking sector's 2.5% yield. You aren't getting paid very well to wait for better days.
On Thursday’s call, NYCB also announced it’s slashing its dividend to one penny a share. This comes after the company announced in January it was cutting its dividend from $0.17 a share to $0. ...
Shares of New York Community Bank (NYSE: NYCB) dropped 68.6% in the first six months of the year, according to data provided by S&P Global Market Intelligence.The bank slashed its dividend in ...
New York Community Bancorp (NYSE: NYCB) was on the ropes not too long ago, forced to drastically cut its dividend and accept a $1 billion bailout. Now in full-on turnaround mode, the company's ...
The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation ...
NYCB lost $7.8 billion in uninsured deposits over the last month. ... Last week Fitch cut NYCB’s credit grade to junk. ... Otting said the company's dividend will be reduced to $0.01 from $0.05 ...
It also slashed its dividend by 71% to 5 cents a share. This led Fitch to downgrade the bank’s debt on Feb. 2 to BBB-, while on Feb. 6, Moody’s Investors Service cut its rating on NYCB debt to ...
NYCB’s shares on Wednesday closed at $4.48, up 28 cents or nearly 7%. This reversed a seven-day slide that saw NYCB’s stock plunge by nearly 60% to close at $4.20 Tuesday.