Flagstar Bancorp (FBC) Initiates, Declares $0.04 Quarterly Dividend; $50M Buyback

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Go back to Flagstar Bancorp (FBC) Initiates, Declares $0.04 Quarterly Dividend; $50M Buyback

Flagstar Initiates Dividend and $50 Million Share Repurchase

January 30, 2019 4:05 PM EST

TROY, Mich., Jan. 30, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced its Board of Directors has approved both the initiation of a quarterly dividend and a $50 million share repurchase program. Shareholders of record on March 1, 2019 will receive a quarterly dividend of $0.04 per share on March 15, 2019.

"The ability to offer a dividend and stock buyback is a really positive sign of how much progress we've made over the last few years," said Alessandro DiNello, president and chief executive officer of Flagstar Bancorp,... More