Flushing Financial Corporation (NASDAQ:FFIC – Get Free Report) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Friday, March 13th will be given a dividend of 0.22 per share by the bank on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, March 13th.
Flushing Financial has raised its dividend by an average of 0.0%annually over the last three years. Flushing Financial has a payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Up 2.2%
NASDAQ:FFIC traded up $0.34 during midday trading on Wednesday, reaching $16.30. The company had a trading volume of 64,209 shares, compared to its average volume of 379,550. Flushing Financial has a 12-month low of $10.65 and a 12-month high of $17.79. The firm has a market capitalization of $550.72 million, a price-to-earnings ratio of 30.19 and a beta of 0.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $16.08 and its 200-day simple moving average is $14.95.
About Flushing Financial
Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.
The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.
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