I have held NYCB since it was NYB. The way to play this game.... I re invest all dividends and sell covered calls when she is at or near a 52 week high. Was called out for half my holdings and sitting on cash right now. Got in at just under 14 last time. However I do not think she will reach that low. Above 6% return in this market is good. She has always paid 1.00. Should rates go up yield will go down. NYCB is a LT investment.
As for the price dip.... Houses are taking their money off the table. Plain and simple.