Flagstar Bank, National Association (FLG) to Issue Quarterly Dividend of $0.01 on June 17th

Flagstar Bank, National Association (NYSE:FLGGet Free Report) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Sunday, June 7th will be paid a dividend of 0.01 per share on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th.

Flagstar Bank, National Association has decreased its dividend payment by an average of 0.5%annually over the last three years. Flagstar Bank, National Association has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Flagstar Bank, National Association to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Flagstar Bank, National Association Stock Up 2.2%

NYSE:FLG opened at $14.08 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $5.87 billion, a PE ratio of -64.01 and a beta of 1.02. Flagstar Bank, National Association has a 52-week low of $10.38 and a 52-week high of $14.92. The stock has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $13.16.

Flagstar Bank, National Association (NYSE:FLGGet Free Report) last released its earnings results on Friday, April 24th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $507.00 million for the quarter, compared to analysts’ expectations of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. On average, sell-side analysts expect that Flagstar Bank, National Association will post 0.47 EPS for the current fiscal year.

About Flagstar Bank, National Association

(Get Free Report)

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.

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Dividend History for Flagstar Bank, National Association (NYSE:FLG)

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