05:00 PM EST, 12/17/2024 (MT Newswires) -- Fulton Financial ( FULT ) said Tuesday that its board has authorized an up to $125 million share buyback program starting Jan. 1, 2025 and ending Dec. 31, 2025.

Under the program, up to $25 million may be used to buy back its preferred stock, the company said.

Fulton also said its board increased its quarterly dividend one cent to $0.18 per share, payable Jan. 15 to shareholders of record on Dec. 31.