Flushing Financial Corporation (NASDAQ:FFIC – Get Free Report) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.22 per share by the bank on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, March 13th.
Flushing Financial has raised its dividend by an average of 0.0%per year over the last three years. Flushing Financial has a payout ratio of 59.5% meaning 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%.
Flushing Financial Stock Up 2.1%
Shares of Flushing Financial stock opened at $16.30 on Thursday. The stock’s 50-day moving average is $16.05 and its 200 day moving average is $14.96. Flushing Financial has a one year low of $10.65 and a one year high of $17.79. The firm has a market cap of $550.61 million, a price-to-earnings ratio of 30.19 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92.
Flushing Financial Company Profile
Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.
The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.
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