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LANCASTER, Pa. - Fulton Financial Corporation (NASDAQ:FULT) announced today that its Board of Directors has declared a quarterly cash dividend of eighteen cents per share on its common stock, payable on July 15, 2025, to shareholders of record as of July 1, 2025. The dividend represents a 4.19% yield, reflecting the company’s impressive 44-year streak of consecutive dividend payments. According to InvestingPro data, Fulton’s dividend has grown 5.88% over the past year.
The Board also declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend will be payable on July 15, 2025, to shareholders of record as of June 30, 2025, covering the period from April 15, 2025, to July 15, 2025.
Fulton Financial Corporation is a Lancaster, Pennsylvania-based financial holding company with assets exceeding $30 billion. The company employs more than 3,400 people and operates over 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank, N.A.
This information is based on a press release statement issued by the company.
In other recent news, Fulton Financial Corporation reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.52, surpassing the anticipated $0.41. The bank’s net income available to common shareholders rose to $90.4 million, a significant increase from the previous quarter’s $66 million. Despite a slight decline in net interest income to $251.2 million, the net interest margin remained stable at 3.43%. Fulton Financial also saw a 4.9% annualized increase in customer deposits, excluding brokered deposits, contributing to a total deposit rise to $26.3 billion. The provision for credit losses was set at $13.9 million, with an allowance for credit losses at 1.59% of total net loans. Additionally, the bank’s common equity tier 1 capital ratio improved to approximately 11.0%, indicating a stronger capital position. In leadership changes, Andy Fiol has been appointed as the new Chief Banking Officer, while JoBeth Mauriello takes over as Head of Consumer & Business Banking. Meanwhile, Keefe, Bruyette & Woods analysts have revised their price target for Fulton Financial to $21, maintaining a Market Perform rating, while DA Davidson holds a Neutral rating with a $20 target.
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