New York Community Bancorp Inc (NYCB)

[magness]

How do you feel about receiving Return of Capital instead of a dividend ? that is what they plan to do with some of stock sale proceeds, give you back your money. ROC reduces your cost basis so that when you sell the stock you must declare more cap gains (assuming you have any gain after all of this).

nothing changes for the executives. they continue to cash in their shares based on warrants and options and they don't care about what happens to the stockholder or the dividend.