Flushing Financial Corporation (FFIC) to Issue Quarterly Dividend of $0.22 on April 24th

Flushing Financial Corporation (NASDAQ:FFICGet Free Report) announced a quarterly dividend on Tuesday, March 24th. Stockholders 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) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, April 10th.

Flushing Financial has raised its dividend payment by an average of 0.0%per year over the last three years. Flushing Financial has a payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. 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 0.3%

FFIC opened at $15.82 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $15.78 and a 200-day simple moving average of $15.35. The stock has a market capitalization of $535.98 million, a P/E ratio of 29.30 and a beta of 0.79. Flushing Financial has a 12 month low of $10.70 and a 12 month high of $17.79.

Flushing Financial (NASDAQ:FFICGet Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $58.81 million for the quarter, compared to analyst estimates of $62.27 million. Flushing Financial had a return on equity of 5.95% and a net margin of 3.86%. On average, equities analysts anticipate that Flushing Financial will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Flushing Financial (NASDAQ:FFIC)

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