Fulton Financial Corporation (FULT) To Go Ex-Dividend on October 1st

Fulton Financial Corporation (NASDAQ:FULT) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.19 per share by the bank on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 1st.

Fulton Financial has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 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 Price Performance

NASDAQ FULT opened at $23.46 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.22 and a beta of 0.78. The stock has a 50-day moving average of $24.12 and a 200 day moving average of $22.48. Fulton Financial has a one year low of $16.60 and a one year high of $25.23.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.07. Fulton Financial had a net margin of 20.63% and a return on equity of 12.68%. The firm had revenue of $367.87 million during the quarter, compared to analysts’ expectations of $358.83 million. During the same period in the previous year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that Fulton Financial will post 2.23 EPS for the current year.

Fulton Financial Company Profile

Fulton Financial Corporation (NASDAQ:FULT) is a bank holding company headquartered in Lancaster, Pennsylvania. Its primary subsidiary, Fulton Bank, provides banking and financial services to consumers, businesses and institutions.

The company offers deposit accounts, residential and commercial lending, mortgages, treasury management, cash management and other commercial banking services. Through its broader financial services platform, Fulton also provides wealth management, investment services and insurance solutions.

Fulton serves customers through branches and digital channels across Pennsylvania, Delaware, Maryland, New Jersey and Virginia.