Flushing Financial (NASDAQ:FFIC) Has Announced A Dividend Of $0.22

The committee of Flushing Financial Corporation (NASDAQ:FFIC) has announced that it volition wage a dividend connected the 28th of March, with investors receiving $0.22 per share. This makes the dividend output 6.1%, which volition augment capitalist returns rather nicely.

Check retired our latest investigation for Flushing Financial

We similar to spot robust dividend yields, but that doesn't substance if the outgo isn't sustainable.

Having distributed dividends for astatine slightest 10 years, Flushing Financial has a agelong past of paying retired a portion of its net to shareholders. Despite this past however, the company's latest net study really shows that it didn't person capable net to screen its dividends. This is an alarming motion that could mean that Flushing Financial's dividend astatine its existent complaint whitethorn nary longer beryllium sustainable for longer.

According to analysts, EPS should beryllium respective times higher successful the adjacent 3 years. In addtion, they besides estimation the aboriginal payout ratio could scope 60% successful the aforesaid clip period, which we would beryllium comfy to spot continuing.

Even implicit a agelong past of paying dividends, the company's distributions person been remarkably stable. Since 2015, the dividend has gone from $0.60 full annually to $0.88. This implies that the institution grew its distributions astatine a yearly complaint of astir 3.9% implicit that duration. Slow and dependable dividend maturation mightiness not dependable that exciting, but dividends person been unchangeable for 10 years, which we deliberation makes this a reasonably charismatic offer.

Investors could beryllium attracted to the banal based connected the prime of its outgo history. However, things aren't each that rosy. Over the past 5 years, it looks arsenic though Flushing Financial's EPS has declined astatine astir 13% a year. Dividend payments are apt to travel nether immoderate unit unless EPS tin propulsion retired of the nosedive it is in. However, the adjacent twelvemonth is really looking up, with net acceptable to rise. We would conscionable hold until it becomes a signifier earlier getting excessively excited.

We should enactment that Flushing Financial has issued banal adjacent to 17% of shares outstanding. Regularly doing this tin beryllium detrimental - it's hard to turn dividends per stock erstwhile caller shares are regularly being created.

Overall, we don't deliberation this institution makes a large dividend stock, adjacent though the dividend wasn't chopped this year. Although they person been accordant successful the past, we deliberation the payments are a small precocious to beryllium sustained. We don't deliberation Flushing Financial is simply a large banal to adhd to your portfolio if income is your focus.