Fulton Financial hikes dividend by 5.9%

Fulton Financial Corporation (FULT) has announced a 5.9% increase in its quarterly dividend. The Board of Directors declared a dividend of $0.18 per share, up from $0.17 in the previous quarter.

"The Board's decision to increase our common dividend nearly 6 percent demonstrates our continued strength, momentum and commitment to returning value to our shareholders," said Chairman and CEO Curt Myers.  

Payment and Yield Details

The dividend is scheduled for payment on January 15, 2025, to shareholders of record. At the current stock price of $19.53, this increase brings the dividend yield to approximately 3.66%.

Company Context

Fulton Financial, a regional financial services company, operates through its subsidiary banks, offering a range of banking and financial services. The dividend hike reflects the company’s consistent commitment to returning value to its shareholders while maintaining a competitive dividend yield.

Conclusion

The 5.9% dividend increase underscores Fulton Financial’s focus on shareholder value and its confidence in its financial stability. With a yield of 3.66%, the stock remains an attractive option for income-oriented investors seeking steady returns from the regional banking sector.