Fulton Financial Corporation Announces Quarterly Dividend Details

Fulton Financial Corporation Dividend Announcement

Fulton Financial Corporation, also known as Fulton, has announced an important update regarding its dividend strategy. The Board of Directors has declared a quarterly cash dividend on its common stock, affirming the company's solid financial position. Shareholders will receive seventeen cents per share, with payment scheduled soon, underscoring the ongoing commitment to returning value to investors.

Details of the Common Stock Dividend

Key Dates for the Common Stock Dividend

This dividend is set to be paid on October 15, 2024, to those shareholders who are recorded as of October 1, 2024. This timeline allows shareholders to have a clear understanding of when to expect the dividends, promoting confidence in the company’s financial health.

Information on Preferred Stock Dividend

In addition to the cash dividend for common stock, the Board has also approved a dividend for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. Shareholders will receive $12.81 per share, which translates to $0.32025 per depositary share.

Payment Timeline for Preferred Stock

This dividend will be distributed on the same date as the common stock dividend: October 15, 2024. The record date for this dividend is September 30, 2024, covering the period from July 15, 2024 to October 15, 2024. Such timely declarations reflect Fulton’s sustained performance and commitment to its shareholders.

Company Overview

Fulton Financial Corporation is a significant player in the financial sector, with assets exceeding $30 billion. The company boasts a workforce of more than 3,500 employees and operates over 200 financial centers. Through its flagship institution, Fulton Bank, N.A., it provides a range of financial services in various states across the Mid-Atlantic region.

Commitment to Shareholders

Fulton’s continued success and operational growth are evident in its ability to maintain consistent dividends, creating a reliable income stream for investors. This practice is a cornerstone of Fulton’s business model and reflects the solid fundamentals driving the company’s performance.

Future Expectations

Looking ahead, Fulton Financial Corporation remains focused on strategic growth and expansion while ensuring that shareholder interests come first. The management is continuously evaluating opportunities to enhance value, illustrating their commitment to a sustainable and profitable future.

Shareholder Engagement

Fulton understands that effective communication with shareholders is key to building trust and fostering long-term relationships. By regularly updating investors on financial matters, the company is positioning itself as a reputable and transparent entity within the financial community.

Frequently Asked Questions

What is the dividend amount declared by Fulton Financial Corporation?

The Board declared a quarterly cash dividend of seventeen cents per share on its common stock and $12.81 per share on its preferred stock.

When will the dividends be paid out?

Both the common and preferred stock dividends will be paid on October 15, 2024.

What is the record date for the dividends?

The record date for the common stock dividend is October 1, 2024, and for the preferred stock, it is September 30, 2024.

How many financial centers does Fulton operate?

Fulton Financial Corporation operates over 200 financial centers across several states in the Mid-Atlantic region.

What is the financial standing of Fulton Financial Corporation?

Fulton has assets exceeding $30 billion and employs more than 3,500 individuals, reflecting a robust financial position in the market.

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