dividend
confidence high
sentiment neutral
materiality 0.50
NYCB declares $0.01 common dividend; Series B dividend contingent on stockholder votes
FLAGSTAR BANK, NATIONAL ASSOCIATION
- Quarterly common dividend of $0.01 per share, payable June 17, 2024 to holders of record June 7, 2024.
- Series A preferred dividend of $15.94 per share ($0.3984 per depositary share), payable June 17.
- Series B preferred dividend: $10/share if stockholder proposals 4 & 7 approved by June 15, else $65/share.
- Series C preferred dividend of $65/share; shares converted to common before June 7 receive only $0.01 common dividend.
- Conversion of Series C expected by June 7 if proposals 4 & 7 approved by June 5.