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

Fulton Financial Corporation (NASDAQ:FULT) declared a quarterly dividend on Tuesday, June 16th. Shareholders 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) annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, July 1st.

Fulton Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Fulton Financial has a dividend payout ratio of 37.8% meaning 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 Stock Performance

Fulton Financial stock 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 has a fifty day moving average of $21.67 and a two-hundred day moving average of $20.78. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 11.00 and a beta of 0.80. Fulton Financial has a fifty-two week low of $16.60 and a fifty-two week high of $23.66.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.The company had revenue of $331.86 million during the quarter, compared to the consensus estimate of $359.36 million. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts anticipate 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.