Fulton Financial Corporation (FULT) to Issue Quarterly Dividend of $0.19 on April 15th

Fulton Financial Corporation (NASDAQ:FULT) announced a quarterly dividend on Tuesday, March 17th. Investors 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) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, April 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 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. Research 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 Stock Performance

Shares of NASDAQ FULT opened at $19.68 on Monday. The firm has a 50 day moving average price of $20.83 and a two-hundred day moving average price of $19.44. The stock has a market cap of $3.54 billion, a P/E ratio of 9.46 and a beta of 0.85. Fulton Financial has a 52-week low of $14.32 and a 52-week high of $22.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90.

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

Wall Street Analyst Weigh In

FULT has been the subject of several recent research reports. Weiss Ratings raised Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. DA Davidson initiated coverage on Fulton Financial in a report on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Fulton Financial has a consensus rating of “Hold” and an average price target of $21.50.

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.