New York Community Bancorp
Dividend Yield: 6.4%
Based on the tepid dividends being paid by the likes of Bank of America (BAC) or Citigroup (C), it would be easy to assume none of the major banking stocks are doling out much in the way of quarterly payments.
That would be an errant assumption, however.
New York Community Bancorp (NYCB) currently boasts a yield of 6.3% — and it’s not going anywhere either. The company has paid out 25 cents per share dividends every quarter since 2004, even when it wasn’t easy to do so.
Heck, even when times were tough and earnings were contracting in 2008, New York Community Bancorp could still afford to share the wealth. That’s a sign of prudent cash flow management.