The First of Long Island Corporation Announces 5.3% Increase in Quarterly Cash Dividend to $.20 Per Share

On September 24, 2021, The First of Long Island Corporation (Nasdaq: FLIC) declared a third quarter cash dividend of $0.20 per share, marking a 5.3% increase from last year's $0.19.

Rhea-AI Summary

On September 24, 2021, The First of Long Island Corporation (Nasdaq: FLIC) declared a third quarter cash dividend of $0.20 per share, marking a 5.3% increase from last year's $0.19. This dividend will be payable on October 18, 2021, to shareholders recorded as of October 8, 2021. The First National Bank of Long Island, the corporation's sole subsidiary, operates 47 branches across Long Island and parts of New York City.

Positive

• Increased dividend from $0.19 to $0.20 per share, reflecting company confidence.

Negative

• None.

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News Market Reaction – FLIC

The recorded move for FLIC in the trading session of this news was +2.03%.

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GLEN HEAD, N.Y., Sept. 24, 2021 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.20 per share. This represents a 5.3% increase over the dividend of $.19 per share declared in the same quarter last year. The dividend will be paid on October 18, 2021 to shareholders of record on October 8, 2021.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has forty-seven branches in Nassau and Suffolk Counties, Long Island and the boroughs of Queens, Brooklyn and Manhattan.

For More Information Contact:
Jay McConie, EVP & CFO
(516) 671-4900, Ext. 7404

 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by FLIC for Q3 2021?

The First of Long Island Corporation declared a dividend of $0.20 per share for Q3 2021.

When will the dividend be paid to shareholders?

The dividend will be paid on October 18, 2021.

What was the previous dividend amount declared by FLIC?

The previous dividend amount declared was $0.19 per share.

What is the record date for the dividend payment?

The record date for the dividend payment is October 8, 2021.