Fulton Financial Raises Dividend, to Buy Back as Much as $125 Million in Stock

— Jeff Ward, Lehigh Valley News Briefs

Fulton Financial Corp. has raised its quarterly dividend to 18 cents per share, payable Jan. 15 to common stock shareholders of record as of Dec. 31. The previous dividend was 17 cents.

Lancaster, Pennsylvania-based Fulton, parent company of Fulton Bank, also said it will buy back as much as $125 million of common stock during calendar year 2025. As much as $25 million of that may be used to buy back preferred stock, Fulton said.

Here’s the bank’s statement.

As with most buybacks, it may be ended at any time and there is no commitment to buy securities.

Fulton Financial (NASDAQ:FULT) has more than $30 billion in assets. It employs about 3,400 people at its more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia.

Fulton, a more than $30 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,400 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.

The closing price of Fulton shares Wednesday was $19.67, giving the company a market capitalization of $3.58 billion.