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Fulton Financial Corporation Announces Quarterly Dividends and $100 Million Stock Repurchase Program
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LANCASTER, Pa.--(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 billionLancaster, 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.
fulton financial corporation is a $17+ billion regional financial holding company headquartered in lancaster, pennsylvania, providing a variety of financial services throughout our ten affiliates in pennsylvania, maryland, delaware, new jersey and virginia. we operate approximately 250 offices and atms. our flagship bank, fulton bank, was founded in 1882 and operates throughout south central pennsylvania, delaware and virginia. our corporation also provides a broad array of financial services through: fulton financial advisors, n.a. (trust, brokerage and investment management services) fulton mortgage company (residential mortgage services) as part of fulton financial corporation, our affiliate banks are able to offer a broad array of financial services while maintaining the strong personal relationships and community support our customers have come to expect and appreciate. our community-oriented style of banking enables us to be better listeners, and to satisfy and maintain lo