NEW YORK COMMUNITY BANCORP, INC. DECLARES A QUARTERLY CASH DIVIDEND ON ITS PREFERRED STOCK

(Neutral)

Rhea-AI Summary

New York Community Bancorp, Inc. (NYSE: NYCB) declared a quarterly cash dividend of $15.94 per preferred share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB-PA). This translates to $0.3984 for each depositary share, with a pay date set for March 17, 2022, to shareholders of record as of March 7, 2022. As of December 31, 2021, NYCB reported assets of $59.5 billion, loans of $45.7 billion, and deposits totaling $35.1 billion.

Positive

Quarterly cash dividend declared at $15.94 per preferred share.
Dividend payment supports income for shareholders.
Company's assets totaled $59.5 billion, indicating strong financial health.

Negative

None.

News Market Reaction – NYCB

-0.95%

-0.95% Session move

In the trading session that priced this news, NYCB declined 0.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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02/22/2022 - 09:30 AM

HICKSVILLE, N.Y., Feb. 22, 2022 /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, 2022 to shareholders of record as of March 7, 2022.

About New York Community Bancorp, Inc.
Based in Hicksville, 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, 2021, the Company reported assets of $59.5 billion, loans of $45.7 billion, deposits of $35.1 billion, and stockholders' equity of $7.0 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-york-community-bancorp-inc-declares-a-quarterly-cash-dividend-on-its-preferred-stock-301485745.html

SOURCE New York Community Bancorp, Inc.

FAQ

What is the dividend amount declared by New York Community Bancorp (NYSE: NYCB) in February 2022?

The dividend amount declared is $15.94 per preferred share.

When will the dividend for New York Community Bancorp's preferred stock be paid?

The dividend will be paid on March 17, 2022.

What is the record date for the dividend payment for NYCB-PA?

The record date for the dividend payment is March 7, 2022.

How does the dividend payment affect NYCB shareholders?

The dividend payment provides income for shareholders, reflecting the company's profitability.

What were the total assets reported by New York Community Bancorp at the end of 2021?

At the end of 2021, New York Community Bancorp reported total assets of $59.5 billion.