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 has declared a quarterly cash dividend of $15.94 per preferred share for its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA). This translates to $0.3984 per depositary share, each representing a 1/40th ownership in the preferred stock. The dividend is payable on March 17, 2021, to shareholders of record as of March 7, 2021. As of December 31, 2020, the company reported assets of $56.3 billion and loans of $42.9 billion.

Positive

• Dividend of $15.94 per preferred share boosts shareholder income.
• Strong asset base of $56.3 billion indicates financial stability.

Negative

• None.

WESTBURY, N.Y., Feb. 22, 2021 /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 March 17, 2021 to shareholders of record as of March 7, 2021.

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 December 31, 2020, the Company reported assets of $56.3 billion, loans of $42.9 billion, deposits of $32.4 billion, and stockholders' equity of $6.8 billion.

Reflecting our growth through a series of acquisitions, the Company operates 237 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 NYCB.PRA dividend amount for March 2021?

The dividend amount for NYCB.PRA is $15.94 per preferred share.

When will the NYCB.PRA dividend be paid?

The dividend will be payable on March 17, 2021.

What is the record date for the NYCB.PRA dividend?

The record date for the NYCB.PRA dividend is March 7, 2021.

How often does New York Community Bancorp pay dividends?

New York Community Bancorp pays dividends quarterly.

What is the significance of the preferred stock dividend for NYCB investors?

The preferred stock dividend provides a steady income stream for investors, reflecting the company's financial health.