Flagstar Bancorp Announces Quarterly Dividend of $0.05 per share

Rhea-AI Summary

Flagstar Bancorp has declared a quarterly cash dividend of $0.05 per share on its common stock. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. Headquartered in Troy, Michigan, Flagstar Bancorp operates with assets totaling $29.5 billion and provides various banking services through 160 branches across multiple states. The company is recognized as a significant national originator of mortgage loans, managing approximately $227 billion in loans.

Positive

• Quarterly cash dividend of $0.05 per share for shareholders.
• Strong asset base of $29.5 billion.
• Significant national presence with 160 branches.

Negative

• COVID-19 pandemic poses uncertainties affecting business and financial position.

TROY, Mich., Oct. 21, 2020 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.05 per share on its common stock. The dividend will be payable December 15, 2020, to shareholders of record at the close of business December 1, 2020.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $29.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 28 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $227 billion of loans representing slightly over 1.1 million borrowers. For more information, please visit flagstar.com.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Flagstar Bancorp, Inc.'s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements can be found in periodic Flagstar reports filed with the U.S. Securities and Exchange Commission, which are available on the Company's website (flagstar.com) and on the Securities and Exchange Commission's website (sec.gov). The COVID-19 pandemic is adversely affecting us, our customers, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. Other than as required under United States securities laws, Flagstar Bancorp does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

For further information
ANALYSTS: Ken Schellenberg, Investor Relations, (248) 312-5741
MEDIA:  Susan Bergesen, Corporate Communications, (248) 312-6237

View original content:http://www.prnewswire.com/news-releases/flagstar-bancorp-announces-quarterly-dividend-of-0-05-per-share-301156323.html

SOURCE Flagstar Bancorp, Inc.

FAQ

What is the dividend amount declared by Flagstar Bancorp?

Flagstar Bancorp declared a quarterly cash dividend of $0.05 per share.

When will Flagstar Bancorp's dividend be paid?

The dividend will be paid on December 15, 2020.

What is the record date for Flagstar Bancorp's dividend?

Shareholders of record will be as of December 1, 2020.

How does the COVID-19 pandemic impact Flagstar Bancorp?

The pandemic introduces significant risks and uncertainties affecting business and financial results.