Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends

Rhea-AI Summary

The Board of Directors of Fulton Financial Corporation (NASDAQ: FULT) has declared a quarterly cash dividend of 15 cents per share on its common stock, an increase of 1 cent from the previous quarter. This dividend is payable on April 18, 2022, to shareholders of record as of April 1, 2022. Additionally, a quarterly dividend of $12.81 per share on Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid on April 15, 2022, to holders of record as of March 31, 2022.

Positive

• Quarterly cash dividend increased by 1 cent per share.
• Dividend payment on common stock reflects confidence in financial stability.

Negative

• None.

LANCASTER, Pa.--(BUSINESS WIRE)-- The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT) has declared a quarterly cash dividend of fifteen cents per share on its common stock, payable on April 18, 2022, to shareholders of record as of April 1, 2022. This is a one cent per share increase from the quarterly cash dividend that was declared on December 21, 2021.

The Board of Directors also declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2022, to holders of record of the preferred stock as of March 31, 2022, for the period from and including January 15, 2022, to but excluding, April 15, 2022.

Fulton Financial Corporation, a $26 billion Lancaster, Pa.-based financial holding company, has approximately 3,200 employees and operates more than 200 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.

Additional information on Fulton Financial Corporation can be found at www.fultonbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315006064/en/

Media: Laura Wakeley (717) 291-2616

Investor: Matt Jozwiak (717) 327-2657

Source: Fulton Financial Corporation

FAQ

What is the new dividend amount declared by Fulton Financial Corporation?

Fulton Financial Corporation declared a new quarterly cash dividend of 15 cents per share.

When will Fulton Financial Corporation's dividend be paid?

The dividend will be paid on April 18, 2022.

What was the previous dividend amount for Fulton Financial Corporation?

The previous quarterly cash dividend was 14 cents per share.

What is the dividend for the Fixed Rate Non-Cumulative Perpetual Preferred Stock?

A quarterly dividend of $12.81 per share will be paid on the preferred stock.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on April 15, 2022.