The First of Long Island Corporation Announces First Quarter Cash Dividend of $.21 per Share

Rhea-AI Summary

The First of Long Island Corporation (Nasdaq: FLIC) has announced a first quarter cash dividend of $.21 per share, marking a 5.0% increase from last year's $.20 per share. This dividend will be disbursed on March 24, 2023, to shareholders on record as of March 16, 2023. The corporation serves as the parent company of The First National Bank of Long Island, focusing on meeting the needs of businesses and consumers in Long Island and New York City through a wide range of banking and financial services. The bank is recognized for its commitment to customer service and community engagement.

Positive

• Dividend increased by 5.0%, from $.20 to $.21 per share.
• Dividend payment date supports shareholder returns.

Negative

• None.

MELVILLE, N.Y., March 03, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.21 per share. This represents a 5.0% increase over the dividend of $.20 per share declared in the same quarter last year. The dividend will be paid on March 24, 2023 to shareholders of record on March 16, 2023.

The First of Long Island Corporation is the parent company of The First National Bank of Long Island. Through its branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Island and in New York City. We offer a broad set of lending, deposit, investment, and digital products. First National Bank LI is known for its culture of delivering extraordinary service and a “Customer First” banking experience to small and middle market businesses, professional service firms, not-for-profits, municipalities and consumers.

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

FAQ

What is the dividend amount declared by FLIC for Q1 2023?

FLIC declared a cash dividend of $.21 per share for the first quarter of 2023.

When is the dividend payment date for FLIC's Q1 2023 dividend?

The dividend will be paid on March 24, 2023.

What was the previous dividend amount per share for FLIC?

The previous dividend amount was $.20 per share, declared in the same quarter last year.

Who is eligible to receive the dividend from FLIC?

Shareholders of record as of March 16, 2023, are eligible to receive the dividend.

How often does FLIC declare dividends?

FLIC typically declares dividends on a quarterly basis.