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

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

Flagstar Financial has a 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. Equities 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

FLG opened at $11.82 on Wednesday. Flagstar Financial has a 12 month low of $5.10 and a 12 month high of $34.47. The firm has a market capitalization of $4.91 billion, a PE ratio of -2.71 and a beta of 1.05. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12.

About Flagstar Financial

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.