The First of Long Island Corporation Announces 5.6% Increase in Quarterly Cash Dividend to $.19 per Share

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Rhea-AI Summary

The First of Long Island Corporation (Nasdaq: FLIC) declared a third quarter cash dividend of $.19 per share, reflecting a 5.6% increase from last year's $.18 per share. The dividend payment date is set for October 22, 2020, and shareholders must be on record by October 13, 2020. The corporation's sole subsidiary is The First National Bank of Long Island, which operates 49 branches across various regions, including Long Island and parts of New York City.

Positive

Third quarter dividend increased by 5.6%, enhancing shareholder returns.
Dividend reflects company confidence in financial health.

Negative

None.

News Market Reaction – FLIC

+1.83%

+1.83% Session move

In the trading session that priced this news, FLIC gained 1.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/25/2020 - 08:00 AM

GLEN HEAD, N.Y., Sept. 25, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.19 per share. This represents a 5.6% increase over the dividend of $.18 per share declared in the same quarter last year. The dividend will be paid on October 22, 2020 to shareholders of record on October 13, 2020.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has forty-nine 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

What is the dividend amount declared by FLIC for the third quarter?

The dividend amount declared by FLIC for the third quarter is $.19 per share.

When will the dividend be paid to shareholders of FLIC?

The dividend will be paid on October 22, 2020.

What is the record date for FLIC's dividend payment?

The record date for FLIC's dividend payment is October 13, 2020.

How much was the previous dividend declared by FLIC?

The previous dividend declared by FLIC was $.18 per share.

What percentage increase does the new dividend represent for FLIC?

The new dividend represents a 5.6% increase over the previous year.