Flagstar Financial, Inc. Announces Quarterly Cash Dividends for Shareholders

Flagstar Financial, Inc. Announces Quarterly Cash Dividends

On January 31, 2025, Flagstar Financial, Inc. (NYSE: FLG) officially announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share on the common stock. This dividend is scheduled to be paid on March 17, 2025, to all stockholders who hold shares as of March 7, 2025.

In addition to the common stock dividend, the Board has also declared cash dividends on two different series of its preferred stock. The details of these dividends are as follows:

1. Series A Preferred Stock: A cash dividend of $15.94 per preferred share, which is equivalent to $0.3984 for each depositary share that represents a 1/40th ownership interest in a share of Series A preferred stock. This dividend will be payable on March 17, 2025, to holders of record as of March 7, 2025.
2. Series B Noncumulative Convertible Preferred Stock: A cash dividend of $3.3333 per share is also set to be paid on March 17, 2025, to those who are on record as of March 7, 2025.
3. Series D Non-Voting Common Equivalent Stock: Shareholders will receive a cash dividend of $3.3333 per share on the same date.

This announcement is in line with Flagstar Financial's commitment to providing consistent and reliable returns to its shareholders, reflecting the company's strong position in the banking sector. As one of the largest regional banks in the U.S., Flagstar Financial, Inc. plays a significant role in the financial landscape, especially in the Northeast and Midwest regions. The company, which operates under the parent company Flagstar Bank, N.A., reported a substantial asset base of $100.2 billion and total stockholders' equity amounting to $8.2 billion as of December 31, 2024.

Flagstar Bank has an extensive operational footprint, operating 418 branches throughout the country. It is recognized for its significant presence in the high-growth markets along the West Coast and Southeast, catering to a diverse clientele, including individuals of high-net-worth through its private banking teams strategically located across major metropolitan areas such as New York City and the West Coast.

The company's robust performance, complemented by its recent strategic activities, continues to highlight its focus on shareholder value. With a keen eye on future growth and opportunities, Flagstar Financial is poised to navigate the complexities of the banking industry by leveraging its position and operational capabilities.

As part of its future outlook, Flagstar Financial has positioned itself well through various initiatives, including a merger completed in 2022 with Flagstar Bancorp, Inc., as well as an acquisition strategy that involved significant portions of the former Signature Bank through an FDIC-assisted transaction. These steps not only enhance its market presence but also aim to maximize shareholder returns in the long term.

In conclusion, the announcements of these dividends showcase Flagstar Financial’s ongoing commitment to its shareholders. With the upcoming dividend distributions slated for March, investors can look forward to the continued strengthening of their investments in the financial services sector, particularly with a company of Flagstar's stature and resilience in the market.