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HUDSON CITY BANCORP INC (HCBK) 13.30 red arrow -$0.02 (-0.15%) 07:28PM (15 mins delay)


Hudson City Bancorp: Yielding Total Returns for Option Writers

Oct 14, 2009 - 8:21 AM EDT

Paul Price submits:

HCBK:NDQ - Oct. 13, 2009 Close: $13.17

52-week range: $7.46 (Mar. 9, 209) - $18.93 (Nov. 4, 2008)
Dividend = $0.15 quarterly = 4.55% current yield

Hudson City Bancorp, Inc. (HCBK) offers offering traditional deposit products, residential real estate mortgage loans and consumer loans. In addition, the Company purchases mortgages and mortgage-backed securities and other securities issued by United States government-sponsored enterprises. Its revenues are derived principally from interest on its mortgage loans and mortgage-backed securities, and interest and dividends on its investment securities. They have about 131 branches in NY, NJ, and CT. HCBK converted from a chartered mutual savings bank into its current form in two stages. The first came in 1999 and the final step took place on June 7, 2005.


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Source: Seeking Alpha (Oct 14, 2009 - 8:21 AM EDT)



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