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

Fulton Financial Corporation (NASDAQ:FULT) announced a quarterly dividend on Tuesday, June 16th. Investors of record on Wednesday, July 1st will be paid 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 of this dividend 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 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. Equities research 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 Down 1.8%

Shares of Fulton Financial stock opened at $22.69 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.34 billion, a P/E ratio of 10.80 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. The business has a 50-day moving average price of $21.71 and a 200 day moving average price of $20.81.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $331.86 million during the quarter, compared to analyst estimates of $359.36 million. Fulton Financial had a return on equity of 12.69% and a net margin of 20.85%.During the same period in the previous year, the company earned $0.52 earnings per share. On average, sell-side analysts forecast that Fulton Financial will post 2.18 earnings per share 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.