Flagstar Financial, Inc. (NYSE:FLG) Announces $0.01 Dividend

by · The Markets Daily

Flagstar Financial, Inc. (NYSE:FLG – Get Free Report) declared a dividend on Tuesday, December 3rd,investing.com reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.01 per share on Tuesday, December 17th. This represents a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th.

Flagstar Financial has a dividend payout ratio of -11.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Flagstar Financial to earn ($0.35) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -11.4%.

Flagstar Financial Price Performance

Shares of NYSE:FLG traded down $0.25 during midday trading on Tuesday, hitting $11.70. The company had a trading volume of 588,283 shares, compared to its average volume of 8,056,423. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $34.47. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.12 and a current ratio of 1.14.

Flagstar Financial Company Profile

(Get Free Report)

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.

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