Flagstar Bancorp Announces Quarterly Dividend of $0.06 per share

Rhea-AI Summary

Flagstar Bancorp (NYSE: FBC) has announced a quarterly cash dividend of $0.06 per share, payable on June 15, 2021, to shareholders of record by June 1, 2021. The company, headquartered in Troy, Mich., holds $29.4 billion in assets and operates 158 branches across multiple states, including Michigan and California. Flagstar is a significant player in mortgage lending, managing payments for over $247.4 billion of loans for more than 1.1 million borrowers.

Positive

• Declaration of a quarterly cash dividend at $0.06 per share.
• Strong asset base of $29.4 billion.
• Extensive branch network with 158 locations across five states.
• Leading national originator and servicer of mortgage loans.

Negative

• Ongoing uncertainties related to the COVID-19 pandemic affecting financial positions.

TROY, Mich., April 26, 2021 /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 $0.06 per share on its common stock. The dividend will be payable June 15, 2021, to shareholders of record at the close of business June 1, 2021.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $29.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 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 27 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $247.4 billion of loans representing 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, FBCInvestorRelations@flagstar.com
MEDIA:  Susan Bergesen, Corporate Communications, (248) 312-6237

 

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SOURCE Flagstar Bancorp, Inc.

FAQ

What is the dividend amount for Flagstar Bancorp (FBC)?

The dividend amount for Flagstar Bancorp (FBC) is $0.06 per share.

When is the dividend payable for FBC?

The dividend is payable on June 15, 2021.

What is the record date for the FBC dividend?

The record date for the FBC dividend is June 1, 2021.

How does Flagstar Bancorp (FBC) manage its mortgage loans?

Flagstar Bancorp manages over $247.4 billion of loans for more than 1.1 million borrowers.

What states does Flagstar Bank operate in?

Flagstar Bank operates in Michigan, Indiana, California, Wisconsin, and Ohio.