New York Community Bancorp, Inc. (NYSE:NYCB) announced a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Tuesday, February 13th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Monday, February 12th.

New York Community Bancorp has decreased its dividend by an average of 12.1% per year over the last three years. New York Community Bancorp has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect New York Community Bancorp to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 76.4%.

Shares of New York Community Bancorp (NYSE:NYCB) opened at $13.59 on Friday. The company has a market capitalization of $6,638.58, a PE ratio of 15.10, a PEG ratio of 1.60 and a beta of 0.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $15.59.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. The company had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. research analysts forecast that New York Community Bancorp will post 0.85 EPS for the current year.

NYCB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price target on shares of New York Community Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, January 12th. Bank of America raised New York Community Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.25.

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About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

Dividend History for New York Community Bancorp (NYSE:NYCB)

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