Why New York Community Bancorp Could Cut Its Dividend in 2014

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.

Discover the secrets behind Warren Buffett's investment riches
Warren Buffett has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway. Now you can tap into the best of Warren Buffett's wisdom in a new special report from The Motley Fool. Click here now for a free copy of this invaluable report.

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum