Fulton Financial Co. (NASDAQ:FULT – Get Free Report) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.17 per share by the bank on Tuesday, October 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, October 1st.
Fulton Financial has increased its dividend by an average of 7.2% annually over the last three years. Fulton Financial has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fulton Financial to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.4%.
Fulton Financial Stock Performance
FULT stock opened at $17.93 on Monday. The firm has a 50 day moving average of $18.42 and a two-hundred day moving average of $17.06. Fulton Financial has a 12 month low of $11.63 and a 12 month high of $20.33. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.14 and a beta of 0.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.26.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on FULT. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Jefferies Financial Group lowered their price target on Fulton Financial from $18.50 to $18.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.40.
Read Our Latest Research Report on Fulton Financial
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.
Recommended Stories
- Five stocks we like better than Fulton Financial
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Is T-Mobile the Top Telecom Stock? Here’s What You Need to Know
- EV Stocks and How to Profit from Them
- 3 Bargain Stocks Under $20 With Major Growth Potential
- The 3 Best Retail Stocks to Shop for in August
- Top 5 ETFs to Own Now and Into 2025
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.