New York Community Stock To Go Ex-dividend Tomorrow (NYB)

NEW YORK ( TheStreet) -- The ex-dividend date for New York Community Bancorp (NYSE: NYB) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $13.28 as of 9:35 a.m. ET, the dividend yield is 7.4%.

The average volume for New York Community has been 4.7 million shares per day over the past 30 days. New York Community has a market cap of $5.92 billion and is part of the financial sector and banking industry. Shares are up 8.4% year to date as of the close of trading on Tuesday.

New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank, which offer banking products and services in New York, New Jersey, Ohio, Florida, and Arizona. It primarily engages in generating deposits and originating loans. The company has a P/E ratio of 12.4, below the average banking industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates New York Community as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full New York Community Ratings Report.

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