Flushing Financial Corporation (NASDAQ:FFIC) to Issue $0.22 Quarterly Dividend

Flushing Financial Corporation (NASDAQ:FFIC) declared a quarterly dividend on Tuesday, March 24th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.22 per share by the bank on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, April 10th.

Flushing Financial has increased its dividend by an average of 0.0%per year over the last three years. Flushing Financial has a 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%.

Flushing Financial Trading Up 0.1%

Flushing Financial stock traded up $0.02 during mid-day trading on Wednesday, hitting $15.12. The stock had a trading volume of 5,139 shares, compared to its average volume of 324,585. Flushing Financial has a 12 month low of $10.65 and a 12 month high of $17.79. The stock has a 50-day simple moving average of $15.82 and a two-hundred day simple moving average of $15.25. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $512.13 million, a PE ratio of 27.87 and a beta of 0.82.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Flushing Financial had a return on equity of 5.95% and a net margin of 3.86%.The business had revenue of $58.81 million for the quarter, compared to the consensus estimate of $62.27 million. As a group, sell-side analysts forecast that Flushing Financial will post 1.2 EPS for the current year.

About Flushing Financial

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.