Fulton Financial Co. (FULT) Raises Dividend to $0.12 Per Share

Fulton Financial Co. (NASDAQ:FULT) announced a quarterly dividend on Wednesday, March 21st, Wall Street Journal reports. Investors of record on Monday, April 2nd will be paid a dividend of 0.12 per share by the bank on Friday, April 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, March 29th. This is a boost from Fulton Financial’s previous quarterly dividend of $0.11.

Shares of FULT stock remained flat at $$18.90 during midday trading on Wednesday. 812,925 shares of the company were exchanged, compared to its average volume of 992,195. Fulton Financial has a fifty-two week low of $16.45 and a fifty-two week high of $19.90. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3,356.78, a price-to-earnings ratio of 19.34 and a beta of 1.02.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Fulton Financial had a return on equity of 8.51% and a net margin of 19.59%. The firm had revenue of $206.37 million during the quarter, compared to analyst estimates of $201.30 million. During the same quarter last year, the firm earned $0.24 EPS. Fulton Financial’s quarterly revenue was up 11.6% on a year-over-year basis. research analysts anticipate that Fulton Financial will post 1.25 EPS for the current fiscal year.

FULT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, January 3rd. BidaskClub upgraded Fulton Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Finally, Barclays raised their price objective on Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.80.

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About Fulton Financial

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

Dividend History for Fulton Financial (NASDAQ:FULT)

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