Flushing Financial Corporation Boosts Dividend Payout, Reflecting Strong Financial Health

Flushing Financial Corporation (FFIC) has declared a quarterly dividend of $0.22 per share, an increase from the previous quarter's dividend of $0.18 per share. This move reflects the company's strong financial health and commitment to returning value to shareholders. The dividend will be paid on November 18, 2024, to shareholders of record as of November 6, 2024.



The company's decision to increase its dividend payout is a testament to its robust financial performance and confidence in its future prospects. Flushing Financial Corporation has demonstrated a consistent track record of dividend growth, with an annual dividend yield of 6.21% as of December 6, 2024. This high yield is attractive to income-oriented investors and reflects the company's strong financial position and commitment to returning value to shareholders.



The company's strong financial health is evident in its key financial metrics. Flushing Financial Corporation reported a net interest margin fully taxable equivalent (NIM FTE) of 2.39% in the fourth quarter of 2024, an increase of 10 basis points (bps) year-over-year (YoY) and 29 bps quarter-over-quarter (QoQ). This improvement in NIM FTE indicates that the company is generating more income from its lending activities, which can be used to fund dividends and other expenses. Additionally, the company's tangible common equity (TCE) to total assets (TA) ratio increased to 7.82% at the end of 2024, up 82 bps QoQ. This strong capital position allows the company to maintain its dividend payout and support its operations.

Flushing Financial Corporation's decision to increase its dividend payout is a positive sign for investors, as it reflects the company's strong financial health and commitment to returning value to shareholders. The company's consistent dividend growth and high dividend yield make it an attractive investment option for income-oriented investors. As the company continues to execute on its strategic initiatives and maintain its strong financial position, investors can expect to see further dividend growth and a strong performance in the stock market.