Flagstar Bank, National Association (NYSE:FLG) Plans $0.01 Quarterly Dividend

Flagstar Bank, National Association (NYSE:FLG) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Saturday, March 7th will be paid a dividend of 0.01 per share on Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, March 6th.

Flagstar Bank, National Association has decreased its dividend by an average of 0.5%annually over the last three years. Flagstar Bank, National Association has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Flagstar Bank, National Association to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.3%.

Flagstar Bank, National Association Trading Down 1.1%

NYSE FLG opened at $13.81 on Friday. Flagstar Bank, National Association has a one year low of $9.64 and a one year high of $14.53. The firm has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $12.27. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of -27.08 and a beta of 1.10. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.00.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) EPS. Equities research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Company Profile

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.