Fidelity Southern Co. (NASDAQ:LION) declared a quarterly dividend on Monday, June 17th, RTT News reports. Investors of record on Thursday, June 27th will be given a dividend of 0.12 per share by the financial services provider on Monday, July 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, June 26th.
Fidelity Southern has increased its dividend by an average of 7.2% per year over the last three years. Fidelity Southern has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity Southern to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 28.1%.
LION stock opened at $30.28 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 0.99. Fidelity Southern has a 12 month low of $21.18 and a 12 month high of $33.32. The stock has a market capitalization of $837.47 million, a price-to-earnings ratio of 18.81 and a beta of 0.68.
Several equities analysts have commented on the stock. BidaskClub raised shares of Fidelity Southern from a “hold” rating to a “buy” rating in a report on Monday, June 10th. Zacks Investment Research raised shares of Fidelity Southern from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Saturday, June 8th. Finally, Stephens reissued a “buy” rating and issued a $31.00 target price on shares of Fidelity Southern in a report on Thursday, April 18th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $30.00.
Fidelity Southern Company Profile
Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.
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