Can and Will the Feds force NYCB to cut the dividend if NYCB grows much larger?
I know I'm not the only person here to have heard about this in the last year or so. I'd like to hear other peoples take on this. The recient Motley Fools article says the feds could limit the dividend to no more than 30% of earnings if NYCB grows beyond 50 billion in assets. I like the fat dividend!
This bank never took any TARP money...and it's not about to have to be told to cut any dividends-since 2003 it's made good money each year-through 2 very tough recessions/depression(s) etc. So fear not...I think we are hearing from a disgruntled poster who sold his/her shares when times looked more iffy! EOM-
NYCB CEO has said the hoped for acquisition will be accretive.. Also that the additional staff required are already in place.... That it will be a large bank I suspect the value will go up a couple of dollars and they have always protected the dividends as they are very large shareholders and long term officers of their bank