Fulton Financial Corporation Announces Quarterly Dividends and $100 Million Stock Repurchase Program
December 20 2022 - 4:30PM
Business Wire
Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today
announced that its Board of Directors (the “Board”) declared a
quarterly cash dividend of fifteen cents per share on its common
stock, payable on January 13, 2023, to shareholders of record as of
January 3, 2023.
In addition, Fulton announced that the Board declared a
quarterly dividend of $12.81 per share (equivalent to $0.32025 per
depositary share) on its Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series A, payable on January 17, 2023, to
shareholders of record as of January 2, 2023, for the period from
and including October 15, 2022, to but excluding, January 15,
2023.
Fulton also announced that the Board approved the repurchase of
up to $100 million of shares of Fulton’s common stock commencing on
January 1, 2023 (the “2023 Program”). The 2023 Program will expire
on December 31, 2023.
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 under the 2023 Program in open market or
privately negotiated transactions, including without limitation,
through accelerated share repurchase transactions. The 2023 Program
may be discontinued at any time.
Fulton, a $26 billion Lancaster, Pennsylvania-based financial
holding company, has more than 3,300 employees and operates more
than 200 branches in Pennsylvania, Maryland, Delaware, New Jersey
and Virginia through Fulton Bank, N.A.
Additional information on Fulton can be found at
investor.fultonbank.com.
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