Lancaster, Pa.-based Fulton Financial Corp.'s board declared a quarterly cash dividend of 13 cents per common share, up from the previous dividend of 12 cents.

The dividend will be paid on April 15, to shareholders of record as of April 1.

The company's board also approved a new share repurchase program which authorizes Fulton Financial to repurchase up to $100 million of its common shares, through Dec. 31.

This authorization is in addition to $75 million share repurchase program that the company's board approved on Nov. 20, 2018, and under which the company has repurchased $69.5 million in common shares, as of March 15.