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

Fulton Financial Corporation (NASDAQ:FULT) declared a quarterly dividend on Tuesday, March 17th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.19 per share by the bank on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, April 1st.

Fulton Financial has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Fulton Financial has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fulton Financial to earn $2.10 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 36.2%.

Fulton Financial Price Performance

Shares of NASDAQ FULT opened at $19.60 on Wednesday. The stock has a market capitalization of $3.53 billion, a PE ratio of 9.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day moving average price of $20.82 and a two-hundred day moving average price of $19.42. Fulton Financial has a fifty-two week low of $14.32 and a fifty-two week high of $22.99.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Fulton Financial had a return on equity of 12.78% and a net margin of 20.68%.The company had revenue of $336.02 million for the quarter, compared to analyst estimates of $336.80 million. During the same period in the prior year, the firm posted $0.48 EPS. As a group, equities analysts predict that Fulton Financial will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Company Profile

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.