New York Community Bancorp: Quality Assets, High Efficiency And Generous Dividend Add To Upside
- New York Community Bancorp holds high-quality assets as evident from its low levels of charge-off and nonperforming assets to total loans, and declining provision for loan losses.
- Efficiency ratio figures in low-40% range, considerably lower than industry's mid-60% range.
- Pays annual dividend of $1/share that yields at 6.69%, which is substantially higher than its peers. Despite high payout ratio, NYCB has maintained quarterly payout of $0.25/share since May 2004.