Fidelity Southern Co. (NASDAQ:LION) Plans Quarterly Dividend of $0.12

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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.

Fidelity Southern (NASDAQ:LION) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). Fidelity Southern had a net margin of 12.21% and a return on equity of 8.68%. The firm had revenue of $62.09 million during the quarter, compared to the consensus estimate of $65.10 million. Equities research analysts forecast that Fidelity Southern will post 1.57 earnings per share for the current fiscal year.

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.

Read More: How are dividend achievers different from dividend aristocrats?

Dividend History for Fidelity Southern (NASDAQ:LION)

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