New York Community Bancorp said on October 26, 2023 that its board of directors declared a regular quarterly dividend of $0.17 per share ($0.68 annualized). Previously, the company paid $0.17 per share.
Shareholders of record as of November 6, 2023 will receive the payment on November 16, 2023.
At the current share price of $9.89 / share, the stock's dividend yield is 6.88%.
Looking back five years and taking a sample every week, the average dividend yield has been 6.41%, the lowest has been 4.87%, and the highest has been 10.62%. The standard deviation of yields is 0.86 (n=236).
The current dividend yield is 0.54 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.18. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 959 funds or institutions reporting positions in New York Community Bancorp. This is an increase of 37 owner(s) or 4.01% in the last quarter. Average portfolio weight of all funds dedicated to NYCB is 0.26%, an increase of 11.00%. Total shares owned by institutions increased in the last three months by 13.28% to 557,971K shares. 
The put/call ratio of NYCB is 0.68, indicating a bullish outlook.
Analyst Price Forecast Suggests 34.83% Upside
As of October 31, 2023, the average one-year price target for New York Community Bancorp is 13.33. The forecasts range from a low of 11.11 to a high of $16.80. The average price target represents an increase of 34.83% from its latest reported closing price of 9.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for New York Community Bancorp is 2,201MM, an increase of 3.38%. The projected annual non-GAAP EPS is 1.18.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 62,945K shares representing 8.71% ownership of the company. In it's prior filing, the firm reported owning 11,898K shares, representing an increase of 81.10%. The firm increased its portfolio allocation in NYCB by 527.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 22,519K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 20,058K shares, representing an increase of 10.93%. The firm increased its portfolio allocation in NYCB by 28.79% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 21,905K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 21,016K shares, representing an increase of 4.06%. The firm increased its portfolio allocation in NYCB by 24.14% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 18,643K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 16,938K shares, representing an increase of 9.15%. The firm increased its portfolio allocation in NYCB by 30.21% over the last quarter.
DVY - iShares Select Dividend ETF holds 17,316K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 18,512K shares, representing a decrease of 6.91%. The firm increased its portfolio allocation in NYCB by 29.24% over the last quarter.
New York Community Bancorp Background Information
(This description is provided by the company.)
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.
Additional reading:
- Third Quarter 2023 Investor Presentation Parent company of 23rd Quarter 2023 Forward-Looking Information This presentation may include forward-looking statements by the Company and our authorized officers pertaining to such matters as our goals, inte
- NEW YORK COMMUNITY BANCORP, INC. REPORTS STRONG THIRD QUARTER 2023 RESULTS THIRD QUARTER 2023 DILUTED EPS OF $0.27 AND $0.36 DILUTED EPS, AS ADJUSTED NET INTEREST MARGIN EXPANDED SIX BASIS POINTS SEQUENTIALLY TO 3.27%, SECOND CONSECUTIVE QUARTER ABOV
- 102 Duffy Avenue, Hicksville, NY 11801 • Phone: (516) 683-4420 • www.myNYCB.com NEW YORK COMMUNITY BANCORP, INC. PROMOTES JULIE SIGNORILLE-BROWNE TO SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER
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