Fulton Financial Stock To Go Ex-dividend Tomorrow (FULT)

NEW YORK ( TheStreet) -- The ex-dividend date for Fulton Financial (Nasdaq: FULT) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.69 as of 10 a.m. ET, the dividend yield is 2.9%.

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 $1.95 billion and is part of the financial sector and banking industry. Shares are down 1% year to date as of the close of trading on Tuesday.

Fulton Financial Corporation operates as a multi-bank financial holding company that provides various banking and financial services to businesses and consumers. The company has a P/E ratio of 12.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. 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.

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