I have held NYCB since it was NYC. Great stock to own. Divy always was and always will be .25. I sell CC to make some extra cash. Called out last month but still holding some shares. Waiting for drop back under 16 to pick up more.
Please don't hold your breath waiting for 16 I have said for a year it is going to 18.. What a good company and fine management.. I understood from the last report The bank will be an acquirer......That it will be accretive That they are ready for the 50 billion threshold in every way
Agree. I read the transcript and determined they have a good business with fine management, The Divy might not increase anytime soon but they business generates enough cash flow to make it safe. I say buy on any pull back and hold for the long term. Shes a winner!
MNGA is looking mighty plucky and could really test its 12 month high of $1.83 especially now that its confirmed another major sale of MagneGas®
The ex date was May 7th, note it opened down 46 cents.
Type "NYCB Dividend Date' into google, click on the 'nasdaq' dividend link, usually the first link.
The ex/eff date is the date the dividend comes off the opening price.
I am a long time holder for the income. But at this level we might see some profit taking. Changing the banking laws to allow for expansion is still a long way off.
Same here. I've held 4000 shares since 2011/12. With the market fairly expensive, people may finally be chasing NYCB's lower PE and high yield, at least until the market corrects. I could take profits, but the problem is as always, where do you put it? So I'll just continue to hold and pull 7% on my original investment. I've had worse!
It has a higher p/e than wfc now. Liked it better when it just sat around $15 and you could buy more whenever you like and just collect the div. No complaints, but wouldn't feel like adding at this level.
You can say that again! We are gonna be having a rather immediate in some of the Dodd-Frank Banking Laws...allowing banks to expand up to approx. $100-$125 million....expect NYCB to approach $22-$23 dollars a share within 6-12 months-following....
It's going up with other financials on the expectation that interest rates are going to rise translating into a much more profitable climate for lenders.
I wouldnt sell as long as higher interest rates are out there in front of us. Just collect your $1 dividend as long as that looks like it;s in the future.