Exceeding Expectations: Flushing Financial Achieves Strong Performance and Rewards Investors
Portfolio Pulse from Benzinga Insights
Flushing Financial (NASDAQ:FFIC) has declared a dividend of $0.22 per share with an annualized yield of 6.16%, payable on December 22, 2023, to shareholders of record as of December 07, 2023. The company has shown a positive trend in dividend per share growth from $0.84 in 2019 to $0.88 in 2022 and an increase in earnings per share from $1.77 to $2.60 over the same period. Flushing Financial leads its industry peers in dividend yield, with Central Pacific Financial (NYSE:CPF) having the next highest yield at 5.27%.
December 22, 2023 | 3:05 pm
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NEUTRAL IMPACT
Central Pacific Financial has the second-highest annualized dividend yield in the industry at 5.27%, following Flushing Financial's lead.
While CPF is mentioned as having the second-highest yield, the news is primarily about FFIC's dividend announcement. CPF's mention does not directly imply a short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Flushing Financial has announced a dividend payout with a high yield and has shown consistent growth in dividends and earnings per share, indicating strong financial health and potential for future growth.
The announcement of a dividend payout with a high yield and the positive trend in earnings and dividend growth are likely to be viewed positively by investors, potentially leading to a short-term increase in FFIC's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100