New York Community Bancorp Inc. 6.375% Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock

By: ,

Date Issued  3/10/2017

Shares Issued  20,000,000       Over Allotment   3,000,000

S&P Rating   NR        Moody Rating   NR

Advertisement.

Security Ticker Symbol   NYCB    OTC Grey Market  NYCB-A

Market Traded ON   NYSE

Dividend Payment Paid on the 17th of March, June, September and December beginning on 6/17/2017

Quarterly Dividend   .398   Annual Dividend   1.594

Floating rate starting 3/18/2027 is 3 month Libor plus 3.821%

Securities may be redeemed, at the issuers option, as early as 6/17/2027 for a redemption price of $25/share plus accrued dividends

Dividend Payment Likely Will be a Qualified Distributions.

Maturity Date   None

Company Investor Relations Page for New York Community Bancorp

Advertisement.

Click Here for the offering prospectus or pricing document

Advertisement.

Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
X
Search Dividend Investor