5 Extreme Dividend Stocks with Huge Upside

4. New York Community Bancorp, Inc. (NYSE:NYCB)

No of HFs: 28

Total Value of HF Holdings: $218 Million

Headquartered in Westbury, New York, NYCB operates 225 branches located in New York, New Jersey, Ohio, Florida and Arizona. They are known as one of the leading producers of multi-family loans, focusing on non-luxury rent-regulated buildings that feature below-market rents. During the third quarter of 2020, the company reported assets of $54.9 billion.

Recently, the company announced several changes to its Board of Directors. In the announcement the board’s current non-executive chairman, Dominick Ciampa will remain as a director of both the company and bank boards. President and Chief Executive Officer, Thomas R. Cangemi commented,

“I would like to thank Mr. Ciampa for his service as Non-Executive Chairman for the past 10 years and I look forward to his continued involvement on the Board. Today’s announcement marks the next step in the evolution of the Company’s strong corporate governance practices. The combined experience of each of these directors will provide me and the other Board members valuable insights on a variety of matters as we move forward”.

The top hedge fund holder of this stock is Ken Griffin’s Citadel Investment Group, which had over $93 million invested in the stock at the end of September. An insider purchased 2,000 shares at around $10. The stock has remained the same since then. NYCB offers a 6.24% dividend yield at the moment.