On June 15, 2021, Fulton Financial (NASDAQ:FULT) declared a dividend payable on July 15, 2021 to its shareholders. Fulton Financial also announced that shareholders on the company’s books on or before July 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Fulton Financial has an ex-dividend date planned for June 30, 2021. The company’s current dividend payout sits at $0.14. That equates to a dividend yield of 3.37% at current price levels.
The Significance Of An Ex-Dividend Date
An ex-dividend date is when a company’s shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company’s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Fulton Financial’s Dividend History
Over the past year, Fulton Financial has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on October 1, 2020 the company’s payout was $0.13, which has since grown by $0.01. Fulton Financial’s dividend yield last year was 5.65%, which has since decreased by 2.28%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on Fulton Financial’s previous dividends.
