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

Flushing Financial Corporation (NASDAQ:FFIC) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Friday, March 13th will be given a dividend of 0.22 per share by the bank on Friday, March 27th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, March 13th.

Flushing Financial has raised its dividend by an average of 0.0%annually over the last three years. Flushing Financial has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of FFIC stock traded up $0.31 during trading hours on Wednesday, hitting $16.27. The stock had a trading volume of 53,568 shares, compared to its average volume of 379,187. The stock’s 50 day moving average is $16.08 and its 200 day moving average is $14.95. The firm has a market capitalization of $549.40 million, a PE ratio of 30.14 and a beta of 0.83. Flushing Financial has a twelve month low of $10.65 and a twelve month high of $17.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92.

Flushing Financial (NASDAQ:FFIC) last issued 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). Flushing Financial had a return on equity of 5.96% and a net margin of 3.86%.The business had revenue of $58.81 million for the quarter, compared to analyst estimates of $62.27 million. As a group, research analysts forecast that Flushing Financial will post 1.2 earnings per share 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.