Flushing Financial Corporation (NASDAQ:FFIC) Declares Quarterly Dividend of $0.22
Flushing Financial Corporation (NASDAQ:FFIC) announced a quarterly dividend of $0.22 per share, payable on December 19th to shareholders of record as of December 5th. The dividend yield is 5.6%, with a payout ratio of 59.5%. Analysts expect the company to maintain its dividend with a future payout ratio of 60.7%. The stock traded up 1.1% to $15.80, with a market cap of $533.69 million.
Flushing Financial Corporation (NASDAQ:FFIC - Get Free Report) announced a quarterly dividend on Monday, November 24th. Stockholders of record on Friday, December 5th will be paid a dividend of 0.22 per share by the bank on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, December 5th.
Flushing Financial has raised its dividend payment by an average of 0.0%per year over the last three years. Flushing Financial has a dividend payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Flushing Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 60.7%.
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Flushing Financial Trading Up 1.1%
FFIC stock traded up $0.17 during trading on Monday, reaching $15.80. 125,288 shares of the stock traded hands, compared to its average volume of 273,580. The firm has a market capitalization of $533.69 million, a PE ratio of -13.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50 day moving average price is $14.03 and its 200-day moving average price is $13.06. Flushing Financial has a 52-week low of $10.65 and a 52-week high of $18.59.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly earnings data on Tuesday, February 15th. The bank reported $0.58 earnings per share for the quarter. The business had revenue of $54.81 million for the quarter. Flushing Financial had a positive return on equity of 4.98% and a negative net margin of 6.93%. As a group, sell-side analysts forecast that Flushing Financial will post 1.2 earnings per share for the current year.
Flushing Financial Company Profile
(Get Free Report)Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.
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