Fulton Financial Corporation (NASDAQ:FULT) Plans Quarterly Dividend of $0.18

Key Points

• Fulton Financial Corporation has declared a quarterly dividend of $0.18 per share, which will be paid to stockholders on October 15th, representing an annual dividend yield of 3.8%.
• The company's dividend payout ratio is 35.8%, indicating that its dividend is well-supported by earnings, with expectations to earn $2.10 per share next year.
• Fulton Financial shares traded at $18.81, with a market capitalization of $3.43 billion and a P/E ratio of 11.00.

Fulton Financial Corporation (NASDAQ:FULT - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.18 per share by the bank on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 1st.

Fulton Financial has a dividend payout ratio of 35.8% meaning 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 $0.72 annual dividend with an expected future payout ratio of 34.3%.

Fulton Financial Trading Down 0.5%

NASDAQ FULT traded down $0.09 on Friday, hitting $19.38. 4,244,803 shares of the stock were exchanged, compared to its average volume of 1,257,645. The company's 50-day moving average price is $18.93 and its two-hundred day moving average price is $17.94. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 11.33 and a beta of 0.85. Fulton Financial has a 52-week low of $14.32 and a 52-week high of $22.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.92.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.12. Fulton Financial had a return on equity of 12.64% and a net margin of 17.00%.The firm had revenue of $328.45 million during the quarter, compared to the consensus estimate of $320.47 million. During the same period in the prior year, the business earned $0.52 EPS. Research analysts predict that Fulton Financial will post 1.91 EPS for the current year.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.