Flushing Financial Corporation (NASDAQ:FFIC) Plans $0.22 Quarterly Dividend

Flushing Financial Corporation (NASDAQ:FFIC) announced a quarterly dividend on Monday, November 24th. Shareholders of record on Friday, December 5th will be paid a dividend of 0.22 per share by the bank on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, December 5th.

Flushing Financial has raised its dividend by an average of 0.0%per year over the last three years. Flushing Financial has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Flushing Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 60.7%.

Flushing Financial Stock Performance

Shares of Flushing Financial stock traded up $0.17 during trading hours on Monday, reaching $15.80. The company’s stock had a trading volume of 125,288 shares, compared to its average volume of 273,580. Flushing Financial has a one year low of $10.65 and a one year high of $18.59. The company’s 50 day simple moving average is $14.03 and its 200 day simple moving average is $13.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $533.69 million, a P/E ratio of -13.28 and a beta of 0.87.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, February 15th. The bank reported $0.58 earnings per share for the quarter. Flushing Financial had a negative net margin of 6.93% and a positive return on equity of 4.98%. The business had revenue of $54.81 million during the quarter. As a group, analysts expect that Flushing Financial will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FFIC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Flushing Financial in a research report on Monday, November 17th. Wall Street Zen downgraded Flushing Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research upgraded Flushing Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.