Flagstar Bancorp Announces Quarterly Dividend of $0.06 per share

Rhea-AI Summary

Flagstar Bancorp, Inc. (NYSE: FBC) declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be paid on August 18, 2022, to shareholders on record by August 8, 2022. Based in Troy, Michigan, Flagstar is a $23 billion savings and loan holding company, operating 158 branches across several states, and is a major player in mortgage origination and servicing, managing $300 billion in loans for over 1.3 million borrowers.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder income.
• Strong presence with 158 branches and significant mortgage servicing portfolio.

Negative

• Impact of the COVID-19 pandemic creates uncertainty in business and financial performance.

TROY, Mich., July 21, 2022 /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 August 18, 2022, to shareholders of record at the close of business August 8, 2022.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $23 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 82 retail locations in 28 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $300 billion of loans representing over 1.3 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.

SOURCE:  Flagstar Bancorp, Inc.

For more information, contact:
Susan Bergesen
Corporate Communications
(248) 312-6237

 

View original content:https://www.prnewswire.com/news-releases/flagstar-bancorp-announces-quarterly-dividend-of-0-06-per-share-301590970.html

SOURCE Flagstar Bancorp, Inc.

FAQ

What is the dividend amount declared by Flagstar Bancorp (FBC)?

Flagstar Bancorp has declared a quarterly cash dividend of $0.06 per share.

When will the dividend be paid to shareholders of FBC?

The dividend will be payable on August 18, 2022.

What is the record date for the dividend of Flagstar Bancorp?

The record date for the dividend is August 8, 2022.

How does Flagstar Bancorp's dividend affect shareholders?

The dividend provides a direct income benefit to shareholders.

What is the financial impact of the COVID-19 pandemic on Flagstar Bancorp?

The COVID-19 pandemic has created uncertainties affecting business and financial performance.