LANCASTER, Pa.--(BUSINESS WIRE)--
The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT)
has declared a quarterly cash dividend of thirteen cents per share on
its common stock, payable on April 15, 2019, to shareholders of record
as of April 1, 2019. This is a one cent per share increase from the
quarterly cash dividend that was declared on December 18, 2018.
The Board also approved a new share repurchase program which authorizes
the Corporation to repurchase up to $100 million of Fulton’s common
stock, or approximately 3.5 percent of Fulton’s outstanding shares,
based on the closing price of Fulton’s common stock and the number of
shares outstanding on February 15, 2019. This approval expires on
December 31, 2019.
This new authorization is in addition to $75 million share repurchase
program that the Fulton Financial Corporation Board approved on November
20, 2018. As of March 15, 2019, the Corporation had repurchased $69.5
million of the $75 million, leaving approximately $5.5 million approved
for repurchase under that program.
As permitted by securities laws and other legal requirements and subject
to market conditions and other factors, purchases may be made from time
to time in open market or privately negotiated transactions, including
without limitation, through accelerated share repurchase transactions.
These repurchase programs may be discontinued at any time.
Fulton Financial Corporation is a $20.5 billion financial holding
company that operates banking offices in Pennsylvania, Maryland,
Delaware, New Jersey and Virginia.
Additional information on Fulton Financial Corporation can be found at www.fult.com.
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Media: Laura J. Wakeley
Office: 717-291-2616
Investors: Jason Weber
717-327-2394
Source: Fulton Financial Corporation