New York Community Bancorp, Inc. Plans Quarterly Dividend of $0.01 (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) announced a quarterly dividend on Friday, October 25th, RTT News reports. Stockholders of record on Saturday, December 7th will be paid a dividend of 0.01 per share by the financial services provider on Tuesday, December 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%.

New York Community Bancorp has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect New York Community Bancorp to earn $0.06 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 66.7%.

New York Community Bancorp Trading Down 8.3 %

NYSE NYCB opened at $10.55 on Friday. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.47. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -3.82 and a beta of 1.00. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The firm’s fifty day moving average price is $11.11 and its 200 day moving average price is $12.19.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.29). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $621.72 million. During the same period in the previous year, the business posted $1.08 EPS. On average, sell-side analysts expect that New York Community Bancorp will post -2.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NYCB shares. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Citigroup raised their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.48.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.