3 Reasons to Buy This Great Dividend Stock

If you buy bank stocks, you could do a whole lot worse than New York Community Bancorp (NYSE: NYCB). The New York City-based regional bank is, hands down, one of the best in the business. Led by a group of long-term executives who, unlike the vast majority of corporate executives, take their fiduciary duties seriously, it's outpaced the broader market by leaps and bounds since going public in 1994.

While the first thing that may come to mind when you see this chart is the axiom that "past performance is no guarantee of future success," I'm here to tell you that there are at least three reasons to believe that New York Community Bancorp may be an exception to this rule:
1. Exceptional credit management
2. Shareholder-friendly capital allocation
3. Insider ownership

Source: Motley Fool

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