The First of Long Island Corporation Announces First Quarter Cash Dividend of $.19 Per Share

(Neutral)

Rhea-AI Summary

The First of Long Island Corporation (Nasdaq: FLIC) has declared a cash dividend of $.19 per share for the first quarter of 2021, marking a 5.6% increase from $.18 per share in the same quarter last year. This dividend will be distributed on March 19, 2021, to shareholders recorded by March 10, 2021. The First National Bank of Long Island serves as the sole subsidiary of the corporation, operating 47 branches across Long Island and parts of New York City.

Positive

5.6% increase in quarterly dividend, reflecting company growth and confidence in financial stability.
Dividend payment scheduled, providing immediate income to shareholders.

Negative

None.

News Market Reaction – FLIC

-2.13%

-2.13% Session move

In the trading session that priced this news, FLIC declined 2.13%, reflecting a moderate negative 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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02/25/2021 - 01:30 PM

GLEN HEAD, N.Y., Feb. 25, 2021 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a first 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 March 19, 2021 to shareholders of record on March 10, 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

What is the declared dividend amount for FLIC in Q1 2021?

The declared dividend amount for FLIC in Q1 2021 is $.19 per share.

When will the dividend for FLIC be paid?

The dividend for FLIC will be paid on March 19, 2021.

What was the previous dividend amount declared by FLIC?

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

What is the record date for the dividend payment of FLIC?

The record date for the dividend payment of FLIC is March 10, 2021.

How does the dividend increase reflect the company's performance?

The 5.6% increase indicates the company's growth and confidence in its ongoing financial stability.