Confidence in the DividendAccording to Gilbert, the "dividend payment doesn't seem threatened." "While the market may view New York Community's dividend payout ratio as stressed, given its earnings flexibility (barbell effect of mortgage banking and spread income), regulatory capital position, and de minimis historical credit losses in conjunction with strong (and improving) credit results, we continue to believe that the dividend is safe," she wrote. Gilbert also wrote that during her meeting with Ficalora and Cangemi, "They reiterated their comfort with maintaining their current dividend, as regulators continue to signal that the company's capital deployment strategies are well within an acceptable range."
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