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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for New York Community Bancorp (NYSE: NYCB) is tomorrow, February 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $13.52 as of 9:32 a.m. ET, the dividend yield is 7.5%.

The average volume for New York Community has been 2.9 million shares per day over the past 30 days. New York Community has a market cap of $5.84 billion and is part of the financial sector and banking industry. Shares are up 1.5% 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 that offer banking products and services in New York, New Jersey, Ohio, Florida, and Arizona. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates New York Community as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full New York Community Ratings Report.

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