I wonder how the self administered stress test that NYCB will have to conduct this fall will affect the ability to pay their dividend. Based on their risk profile and capital ratios I believe they will continue with their dividend unless they noted some where in the 10-K to the contrary.
I would like to see them make an large accretive acquisition that would bring them over the 50 billion range and still allow for the dividend. In the mean time they could make a smaller accretive acquisition and still be under the 50 billion range.
They will do well. They are in the multi family market and NY real estate is one of the best markets. They did well during the financial crisis and they are well managed. The dividend is safe IMHO and not only may they make an acquisition another financial institution may try to take them over to get into the NY market. Will not be long before the price goes over $16.00. DD