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

Rhea-AI Summary

On December 18, 2020, The First of Long Island Corporation (Nasdaq: FLIC) declared a cash dividend of $.19 per share for the fourth quarter, marking a 5.6% increase from last year's $.18 per share. The dividend is scheduled for payment on January 21, 2021, to shareholders of record by January 11, 2021. The First National Bank of Long Island serves as its sole subsidiary, operating 49 branches across several locations in New York.

Positive

• Dividend increased by 5.6% from the previous year.
• Cash dividend of $.19 reflects confidence in financial stability.

Negative

• None.

GLEN HEAD, N.Y., Dec. 18, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a fourth 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 January 21, 2021 to shareholders of record on January 11, 2021.

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?

The First of Long Island Corporation declared a dividend of $.19 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on January 21, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 11, 2021.

How much was the increase in the dividend compared to last year?

The dividend increased by 5.6% from $.18 per share last year.