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New York Community Bancorp Inc. Message Board

  • uccllcciiua uccllcciiua Feb 15, 2012 6:04 PM Flag

    Is the dividend that safe?

    EPS is barely covering the dividend. If the dividend is that safe and the stock that stable why not buy NYB a few days before it goes x dividend and sell it after you get the dividend. In the interim your money is not locked up in a bank stock (bank stocks continue to be out of favor) and you can utilize the free cash for other purposes/investments. Is NYB really that immune from all the problems and troubles facing all other banking institutions? NYB's main branch (Roslyn Savings) is basically a Long Island sector division....and residing on Long Island most of my life...there are alot of people that have mortgages with Roslyn that cannot pay the high taxes and mortgage payments. I find NYB stock appealing, but I question if NYB is really immune from the real estate bubble.
    Also, if the dividend is cut in half; and don't tell me that it can't happen, how will NYB stock react? Look what happened to another Long Island/Queens based bank..Astoria Federal (AF)...once a $40 stock...now a $8 stock.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You make some excellent points; and knowing relatives/friends living in the Queens/Long Island area who are struggling to make those mortgage payments there is risk here. To what degree, who knows. Suffice it to say if the $1 share annual dividend was written in stone it would appear to be a non risky investment. Just about every bank that does business in the NYC metro area has cut their dividend drastically.....Hudson savings, Astoria, Bank of Am, Citibank, etc etc.

      • 1 Reply to ruunnaazzqrtrtaiun
      • Dividend history has been steady throughout this financial collapse debacle period. Things are getting better. I see no reason whatsoever for a need to reduce the dividend although I see no reason to increase it either until the economy fully recovers. But, again, it is getting better for these banks every quarter that passes.
        Feb 3, 2012 0.25 Dividend
        Nov 3, 2011 0.25 Dividend
        Aug 3, 2011 0.25 Dividend
        May 4, 2011 0.25 Dividend
        Feb 3, 2011 0.25 Dividend
        Nov 4, 2010 0.25 Dividend
        Aug 4, 2010 0.25 Dividend
        May 3, 2010 0.25 Dividend
        Feb 3, 2010 0.25 Dividend
        Nov 4, 2009 0.25 Dividend
        Aug 5, 2009 0.25 Dividend
        May 6, 2009 0.25 Dividend
        Feb 4, 2009 0.25 Dividend
        Nov 5, 2008 0.25 Dividend
        Aug 4, 2008 0.25 Dividend
        May 5, 2008 0.25 Dividend
        Feb 4, 2008 0.25 Dividend
        Nov 2, 2007 0.25 Dividend
        Aug 2, 2007 0.25 Dividend
        May 2, 2007 0.25 Dividend
        Feb 1, 2007 0.25 Dividend
        Nov 1, 2006 0.25 Dividend
        Aug 2, 2006 0.25 Dividend
        May 3, 2006 0.25 Dividend
        Feb 2, 2006 0.25 Dividend
        Oct 28, 2005 0.25 Dividend
        Jul 28, 2005 0.25 Dividend
        Apr 28, 2005 0.25 Dividend
        Feb 2, 2005 0.25 Dividend
        Oct 28, 2004 0.25 Dividend
        Aug 3, 2004 0.25 Dividend
        Apr 29, 2004 0.25 Dividend
        Feb 18, 2004 4: 3 Stock Split
        Jan 29, 2004 0.21 Dividend
        Nov 7, 2003 0.1875 Dividend
        Aug 1, 2003 0.1725 Dividend
        May 22, 2003 4: 3 Stock Split
        May 1, 2003 0.1575 Dividend
        Jan 30, 2003 0.14062 Dividend
        Nov 1, 2002 0.1125 Dividend
        Aug 1, 2002 0.1125 Dividend
        Apr 29, 2002 0.1125 Dividend
        Jan 30, 2002 0.09 Dividend
        Nov 1, 2001 0.09 Dividend
        Sep 21, 2001 3: 2 Stock Split
        Aug 2, 2001 0.075 Dividend
        May 3, 2001 0.075 Dividend
        Mar 30, 2001 3: 2 Stock Split
        Feb 1, 2001 0.0625 Dividend
        Oct 30, 2000 0.0625 Dividend
        Jul 28, 2000 0.0625 Dividend
        Apr 27, 2000 0.0625 Dividend
        Jan 28, 2000 0.0625 Dividend
        Oct 28, 1999 0.0625 Dividend
        Jul 29, 1999 0.0625 Dividend
        Apr 29, 1999 0.0625 Dividend
        Jan 28, 1999 0.0625 Dividend
        Oct 29, 1998 0.05 Dividend
        Sep 30, 1998 3: 2 Stock Split
        Jul 30, 1998 0.04167 Dividend
        Apr 29, 1998 0.04167 Dividend
        Jan 29, 1998 0.03333 Dividend
        Oct 30, 1997 0.03333 Dividend
        Oct 2, 1997 3: 2 Stock Split
        Jul 30, 1997 0.02778 Dividend
        Apr 29, 1997 0.02222 Dividend
        Apr 11, 1997 3: 2 Stock Split
        Jan 30, 1997 0.01852 Dividend
        Oct 30, 1996 0.01852 Dividend
        Aug 23, 1996 4: 3 Stock Split
        Jul 30, 1996 0.01844 Dividend
        Apr 29, 1996 0.01389 Dividend
        Jan 30, 1996 0.01111 Dividend
        Oct 30, 1995 0.00833 Dividend

    • property taxes on L.I. are insaaaaane

 
NYCB
16.25+0.07(+0.43%)Apr 17 4:02 PMEDT

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