NYCB-A New York Community Bancorp ADRs of Fixed-to-Floating Rate Series A Noncumulative Preferred
Dividends will accrue on the liquidation amount at a rate per annum equal to (i) 6.375% from the original issue date of the Series A Preferred Stock to but excluding March 17, 2027; and (ii) a floating rate equal to Three-month LIBOR plus 382.1 basis points from and including March 17, 2027. Fixed rate dividends will be payable in arrears on March 17, June 17, September 17 and December 17 of each year, commencing on June 17, 2017, through and including March 17, 2027, and floating rate dividends will be payable in arrears on March 17, June 17, September 17 and December 17 of each year, commencing on June 17, 2027. Dividends on shares of the Series A Preferred Stock will not be cumulative and will not be mandatory. We may, at our option and subject to regulatory approval, redeem the shares of Series A Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after the dividend payment date in March 2027 at a cash redemption price of $25 per depositary share, plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date. This security was issued by New York Community Bancorp , whose common stock symbol is NYCB.
$20.19 +0.43 (2.18%)
As of 03/27/2023 13:53:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks-Regional
Index country: USA
Country of incorporation: USA
IPO date: 03/13/2017
Outstanding shares: 20,000,000
Average volume: 16,851
Market cap: $483,000,000
Current dividend yield: 6.60% calculation
Initial coupon rate: 6.375%
Spread to LIBOR: 0.038210
Cumulative: No
Liquidation value: $25.00
Callable after: 03/17/2027
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BYVLYP2