Dividend will only be cut if NYCB scores a big takeover target...
Most dividend cuts are because the bank cant financially continue to pay them. If NYCB has to cut dividend, it will be because they found a great takeover target, grow into larger bank, and are forced, by government regulation on larger banks, to hold on to more of their profits.
Big takeover = big win for the bank.
No takeover = big dividends keep coming to shareholder.