Why New York Community Bancorp Could Cut Its Dividend in 2014
Nov 14th 2013 4:09PM
Updated Nov 14th 2013 4:10PM
While New York Community Bancorp isn't one of the best known banks in the country, it's become a cult classic among dividend investors. Thanks to superior credit management and its decision to refuse TARP funds during the financial crisis, it's been able to maintain an annual $1 per share payout for nearly a decade. And currently, it yields an impressive 6.2%.
In the video below, however, Motley Fool contributor John Maxfield identifies one thing that could cause this highly respected bank to cut its dividend in 2014.
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The article Why New York Community Bancorp Could Cut Its Dividend in 2014 originally appeared on Fool.com.John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.