Flushing Financial Corporation Declares Its Quarterly Dividend of $0.21 Per Share

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly cash dividend of $0.21 per common share on February 23, 2021, payable on March 26, 2021, to shareholders of record by March 12, 2021. The company's President, John R. Buran, attributed the dividend declaration to strong execution of strategic priorities and a solid financial position. Flushing Bank, as the parent bank, offers various financial services across New York City and operates online banking divisions aimed at diverse consumer needs.

Positive

• Declared a quarterly cash dividend of $0.21 per share.
• Strong execution of strategic priorities leading to improved financial performance.
• Commitment to enhancing shareholder returns.

Negative

• None.

UNIONDALE, N.Y., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.21 per common share, payable on March 26, 2021 to shareholders of record at the close of business on March 12, 2021.

John R. Buran, the Company’s President and Chief Executive Officer, stated: “Strong execution of our strategic priorities has resulted in improved financial performance, and combined with our well capitalized financial position, we have declared a $0.21 quarterly cash dividend. We remain committed to enhancing shareholder returns and the Board will continue to review future dividend payments on a quarterly basis.”  

FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank®, a New York State-chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking.com®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-friendly, healthier lifestyle community brand.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “goals”, “potential” or “continue” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

Additional information on Flushing Financial Corporation may be obtained by visiting the Company’s web site at http://www.flushingbank.com.

CONTACT:

Susan K. Cullen
Senior Executive Vice President and
Chief Financial Officer
Flushing Financial Corporation
(718) 961-5400

FAQ

What is the dividend amount declared by Flushing Financial Corporation for Q1 2021?

Flushing Financial Corporation declared a quarterly cash dividend of $0.21 per common share.

When is the dividend payment date for Flushing Financial Corporation?

The dividend is payable on March 26, 2021.

What is the record date for the dividend payment from Flushing Financial Corporation?

The record date for the dividend payment is March 12, 2021.

What factors contributed to the dividend declaration by Flushing Financial Corporation?

The dividend declaration was attributed to strong execution of strategic priorities and a well-capitalized financial position.