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

Fulton Financial Corporation (NASDAQ:FULT) declared a quarterly dividend on Tuesday, September 15th. Investors 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) annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, October 1st.

Fulton Financial has raised 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 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

FULT opened at $23.75 on Wednesday. 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 cap of $4.53 billion, a price-to-earnings ratio of 11.36 and a beta of 0.78. Fulton Financial has a one year low of $16.60 and a one year high of $25.23. The business’s fifty day moving average is $24.13 and its two-hundred day moving average is $22.47.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. Fulton Financial had a return on equity of 12.68% and a net margin of 20.63%.The business had revenue of $367.87 million during the quarter, compared to analysts’ expectations of $358.83 million. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that Fulton Financial will post 2.23 EPS for the current fiscal 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.