Flushing Financial Corporation (NASDAQ:FFIC) Declares Quarterly Dividend of $0.22

Key Points

• Flushing Financial declared a quarterly dividend of $0.22 per share (record date April 10, payable April 24), equal to $0.88 annually and implying a ~5.8% yield.
• The dividend appears covered with a payout ratio around 59.5% and analysts forecasting $1.45 EPS next year (≈60.7% payout), though the company has shown no dividend growth over the past three years.
• The bank recently missed quarterly estimates (EPS $0.32 vs. $0.35; revenue below consensus) and the stock trades near $15.12 (market cap ≈ $512M, P/E ≈ 27.9, 52‑week range $10.65–$17.79).

Flushing Financial Corporation (NASDAQ:FFIC - Get Free Report) announced a quarterly dividend on Tuesday, March 24th. Investors of record on Friday, April 10th will be given a dividend of 0.22 per share by the bank on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, April 10th.

Flushing Financial has raised its dividend payment by an average of 0.0%annually over the last three years. Flushing Financial has a dividend payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Flushing Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 60.7%.

Flushing Financial Stock Up 0.1%

Shares of Flushing Financial stock traded up $0.02 during trading on Wednesday, hitting $15.12. 5,139 shares of the stock traded hands, compared to its average volume of 324,585. The company has a fifty day moving average price of $15.82 and a two-hundred day moving average price of $15.25. Flushing Financial has a twelve month low of $10.65 and a twelve month high of $17.79. The stock has a market cap of $512.13 million, a P/E ratio of 27.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The business had revenue of $58.81 million for the quarter, compared to the consensus estimate of $62.27 million. Flushing Financial had a net margin of 3.86% and a return on equity of 5.95%. Equities research analysts predict that Flushing Financial will post 1.2 EPS for the current fiscal year.

About Flushing Financial

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank's growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company's primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.

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