The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.20 Per Share
Rhea-AI Summary
The First of Long Island Corporation (Nasdaq: FLIC) declared a second quarter cash dividend of $.20 per share, reflecting a 5.3% increase from last year's dividend of $.19. This dividend will be paid on July 22, 2022, to shareholders on record as of July 14, 2022. The company, which operates through The First National Bank of Long Island, focuses on delivering a range of financial services, emphasizing a customer-centric approach for both businesses and consumers in the Long Island and New York City regions.
Positive
- Dividend increased by 5.3%, signaling company growth and confidence.
- Consistent dividend payment enhances shareholder income.
Negative
- None.
News Market Reaction – FLIC
In the trading session that priced this news, FLIC gained 1.54%, 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.
GLEN HEAD, N.Y., July 01, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.20 per share. This represents a
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
