Fulton Financial Corporation Announces Enhanced Dividends and Stock Buyback
In a significant move that reflects its strong financial health, Fulton Financial Corporation (Nasdaq: FULT) has revealed that its Board of Directors has declared an increased cash dividend for shareholders. This updated quarterly cash dividend is set at nineteen cents per share, which is an increase of one cent compared to previous amounts. Shareholders on record as of December 31, 2025, can look forward to receiving this dividend on January 15, 2026.
Chairman and CEO Curt Myers expressed that the Board's decision underscores their commitment to providing value to shareholders. He highlighted the continued strength and confidence in the company's performance, stating, "The Board's decision to increase our common dividend and increase our share repurchase program demonstrates our continued strength, confidence, and commitment to delivering value to our shareholders." This aligns with Fulton’s mission to enhance shareholder returns effectively.
Preferred Stock Dividend Announced
In addition to the common stock dividend, Fulton also announced a quarterly dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is set at $12.81 per share, or $0.32025 per depositary share. Like the common stock dividend, this amount will be payable on January 15, 2026, to shareholders of record as of December 31, 2025. This consistent return highlights Fulton’s reliable financial structure and commitment to fulfilling its obligations to preferred shareholders.
Share Repurchase Program Details
Fulton Financial Corporation has also taken the step of approving a stock repurchase program aimed at an aggregate principal amount of up to $150 million, beginning on January 1, 2026, and concluding on January 31, 2027. This strategic buyback initiative allows the company to repurchase its own shares as well as other securities, including its Preferred Stock and Fixed-to-Floating Rate Subordinated Notes. Up to $25 million of the program can be allocated specifically for the repurchase of Preferred Stock among other securities.
The repurchase strategy is designed to augment shareholder value and may allow management the flexibility to return capital based on various factors such as prevailing market conditions, capital position, liquidity, and overall financial performance. The management team at Fulton will evaluate the timing and volume of share repurchases continually, weighing the market price of its securities and broader economic conditions.
About Fulton Financial Corporation
Fulton Financial Corporation stands tall with assets totaling approximately $32 billion and employs over 3,300 individuals. With more than 200 financial centers, it serves the diverse needs of clients across numerous states including Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. This expansive presence through Fulton Bank, N.A. empowers the company to maintain strong relationships with customers while providing essential financial services.
Fulton’s Commitment to Shareholders
As a corporation known for its strategic approach to growth and shareholder satisfaction, Fulton has continually demonstrated its dedication through consistent dividends and smart capital allocation. As they move forward with the announced plans, shareholders can remain confident in the stability and future growth of Fulton Financial Corporation.
Frequently Asked Questions
What is the new dividend amount declared by Fulton Financial Corporation?
The new cash dividend amount is nineteen cents per share, which is an increase from previous amounts.
When will the dividends be paid out?
Shareholders can expect to receive their dividends on January 15, 2026, for both common and preferred stock, provided they are on the record as of December 31, 2025.
How much has been allocated for the stock repurchase program?
Fulton has approved a stock repurchase program for an aggregate principal amount not to exceed $150 million, starting January 1, 2026.
What types of securities are included in the repurchase program?
The program includes shares of common stock, Preferred Stock, and Fixed-to-Floating Rate Subordinated Notes.
Where can I find more information about Fulton Financial Corporation?
Additional information can be found on the investor relations section of their website.
