Flushing Financial Co. (NASDAQ:FFIC) Declares $0.22 Quarterly Dividend

Flushing Financial Co. (NASDAQ:FFIC) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.22 per share by the bank on Friday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Friday, March 14th.

Flushing Financial has raised its dividend payment by an average of 1.6% annually over the last three years. Flushing Financial has a dividend payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Equities 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

NASDAQ FFIC opened at $12.86 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $14.36 and its two-hundred day moving average is $15.07. The stock has a market capitalization of $432.85 million, a price-to-earnings ratio of -12.73 and a beta of 0.79. Flushing Financial has a 12-month low of $10.74 and a 12-month high of $18.59.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Research analysts expect that Flushing Financial will post 1.2 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.