LANCASTER, PA — Fulton Financial Corporation (Nasdaq: FULT) has declared quarterly cash dividends to its shareholders, reinforcing its commitment to returning value. The Lancaster-based financial holding company announced that it would pay a dividend of seventeen cents per share on its common stock, with the payment scheduled for April 15, 2024, to shareholders on record as of April 1, 2024.
In tandem with the common stock dividend, Fulton Financial also declared a quarterly dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend, amounting to $12.81 per share (equivalent to $0.32025 per depositary share), will be paid out on the same date, April 15, 2024, to shareholders of record by March 31, 2024. This dividend covers the period from January 15, 2024, up to, but not including, April 15, 2024.
With assets totaling approximately $27 billion, Fulton Financial stands as a significant player in the regional banking sector, employing around 3,400 individuals. The company operates over 200 financial centers spread across five states: Pennsylvania, Maryland, Delaware, New Jersey, and Virginia, through its subsidiary, Fulton Bank, N.A. This extensive network underscores Fulton’s role as a pivotal financial service provider in the Mid-Atlantic region.
The declaration of these dividends reflects Fulton Financial’s strong capital position and its ability to generate consistent earnings, providing a solid foundation for shareholder returns. It also highlights the company’s prudent management and operational efficiency in a challenging economic landscape.
For shareholders, these dividends represent not only a direct financial benefit but also a vote of confidence from Fulton Financial’s Board of Directors in the company’s stability and growth prospects. As Fulton continues to navigate the complexities of the banking industry, its commitment to shareholder value remains a key focus, underpinned by strategic operations and a robust financial standing.
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