Fulton Financial Corporation (NASDAQ:FULT) Announces Quarterly Dividend of $0.19

Fulton Financial Corporation (NASDAQ:FULT) announced a quarterly dividend on Tuesday, June 16th. Investors of record on Wednesday, July 1st will be given a dividend of 0.19 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 1st.

Fulton Financial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Fulton Financial has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fulton Financial to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 32.5%.

Fulton Financial Price Performance

NASDAQ:FULT opened at $23.10 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $21.67 and its 200 day simple moving average is $20.78. The company has a market cap of $4.42 billion, a P/E ratio of 11.00 and a beta of 0.80. Fulton Financial has a 52-week low of $16.60 and a 52-week high of $23.66.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.The business had revenue of $331.86 million for the quarter, compared to the consensus estimate of $359.36 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. As a group, sell-side analysts forecast that Fulton Financial will post 2.18 EPS for the current fiscal year.

About Fulton Financial

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.