Company Overview - Fulton Financial (FULT) is a financial holding company headquartered in Lancaster, operating in the Finance sector [3] - The stock has experienced a price change of 0.78% since the beginning of the year [3] Dividend Information - Fulton Financial currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3.71%, which is higher than the Banks - Northeast industry's yield of 2.55% and the S&P 500's yield of 1.5% [3] - The company's annualized dividend of $0.72 has increased by 4.3% from the previous year [4] - Over the past 5 years, Fulton Financial has raised its dividend 5 times, achieving an average annual increase of 7.25% [4] - The current payout ratio is 35%, indicating that the company pays out 35% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Fulton Financial's earnings in 2025 is projected at $1.97 per share, reflecting an expected increase of 6.49% from the previous year [5] - The company's earnings growth appears solid for the current fiscal year [5] Investment Considerations - Income investors are attracted to dividends for various reasons, including tax advantages and reduced overall portfolio risk [5] - High-growth firms or tech start-ups typically do not provide dividends, while larger, established companies are often preferred for dividend investments [6] - Fulton Financial is positioned as an attractive dividend investment opportunity, supported by a strong Zacks Rank of 2 (Buy) [6]
Fulton Financial (FULT) is a Top Dividend Stock Right Now: Should You Buy?