New York Community Bancorp, Inc. Declares A Quarterly Cash Dividend On Its Preferred Stock

Rhea-AI Summary

The Board of Directors of New York Community Bancorp declared a quarterly cash dividend of $15.94 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA), equating to $0.3984 for each depositary share. This dividend will be payable on December 17, 2020, to shareholders of record as of December 7, 2020. As of September 30, 2020, the company reported $54.9 billion in assets, $42.9 billion in loans, $31.7 billion in deposits, and $6.7 billion in stockholders' equity.

Positive

• Quarterly cash dividend of $15.94 per preferred share demonstrates company confidence.
• Strong financial position with $54.9 billion in assets.

Negative

• None.

WESTBURY, N.Y., Nov. 23, 2020 /PRNewswire/ -- The Board of Directors of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced the declaration of a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB PA) at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share.  Each depositary share represents a 1/40th ownership interest in a share of the Series A preferred stock.

The dividend will be payable on December 17, 2020 to shareholders of record as of December 7, 2020.

About New York Community Bancorp, Inc.
Based in Westbury, NY, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank. At September 30, 2020, the Company reported assets of $54.9 billion, loans of $42.9 billion, deposits of $31.7 billion, and stockholders' equity of $6.7 billion.

Reflecting our growth through a series of acquisitions, the Company operates 236 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.

Investor/Media Contact:
Salvatore J. DiMartino
(516) 683-4286

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SOURCE New York Community Bancorp, Inc.

FAQ

What is the dividend amount declared by NYCB on November 23, 2020?

New York Community Bancorp declared a dividend of $15.94 per preferred share on November 23, 2020.

When is the dividend payable for NYCB.PRA?

The dividend will be payable on December 17, 2020.

What is the record date for NYCB's dividend?

The record date for the dividend is December 7, 2020.

What is the financial status of New York Community Bancorp as of September 30, 2020?

As of September 30, 2020, NYCB reported assets of $54.9 billion and stockholders' equity of $6.7 billion.