2024-03-07 07:57:28 ET
- New York Community Bancorp ( NYSE: NYCB ) declares $0.01/share quarterly dividend , -80% decrease from prior dividend of $0.05.
- Forward yield 1.16%
- New York Community Bancorp is raising more than $1B from a group of investors led by former Treasury Secretary Steven Mnuchin's firm, the company said on Wednesday. Under terms of the deal, New York Community Bancorp ( NYCB ) will sell to the investors shares of common stock at a price of $2.00 per share and a series of convertible preferred stock with a conversion price of $2.00, for an aggregate investment of $1.05B. The investors will also get 60% warrant coverage to purchase non-voting, common-equivalent stock with an exercise price of $2.50 per share, a 25% premium to the price paid on the common stock.
- See NYCB Dividend Scorecard, Yield Chart, & Dividend Growth.
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New York Community Bancorp slashes dividend by 80% to $0.01