New York Community BancorpNew York Community Bancorp, which does business in New York state and parts of New Jersey, pays 25 cents a share, translating to a yield of 9.43%. The company has paid that dividend since the second quarter of 2002, but the stock has languished. That reflects investor concerns the payout may be cut, since the company's ratio of cash dividends paid over income before extra items exceeded 100% over the past three years and the first three quarters of 2009. Chief Executive Officer Joseph Ficalora has said repeatedly that New York Community is "genuinely committed" to maintaining the dividend, and with the company's common equity boosted by $99 million in third-quarter earnings, an exchange of preferred shares, along with the issuance of $65 million in common shares through direct purchases of additional shares by stockholders, the company's tangible common equity ratio increased to 6.03% as of Sept. 30, from 5.59% in the previous quarter.
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