Fulton Financial Stock To Go Ex-dividend Tomorrow (FULT)
The ex-dividend date for Fulton Financial (Nasdaq:FULT) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.42 as of 9:30 a.m., the dividend yield is 2.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Fulton Financial (Nasdaq: FULT) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.42 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Fulton Financial has been 1.3 million shares per day over the past 30 days. Fulton Financial has a market cap of $1.6 billion and is part of the financial sector and banking industry. Shares are down 20% year to date as of the close of trading on Tuesday. Fulton Financial Corporation operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. The company has a P/E ratio of 12.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, good cash flow from operations, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Fulton Financial Ratings Report. See our dividend calendar or top-yielding stocks list.