NYB may do a deal with say a Hudson City Savings Bank ie merger of equals and get a consolidated earnings to be below a 50% payout ratio.If they could get this percentage they probably could keep the $1.00 dividend and at the same time boost earnings, book value, and ultimately the stock price.
JPM or BKU may make an offer for NYB or PFS! Good stock prices and rich value.
I have been hearing this for last two years and really no takers of NYB! Sometimes it is Canadian banks or now the big banks are interested. Certainly the weak stock price tells you that none of this is a possibility.
did you have any other dreams?