The First of Long Island Co. Announces Quarterly Dividend of $0.21 (NASDAQ:FLIC)

The First of Long Island Co. (NASDAQ:FLICGet Free Report) announced a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.21 per share by the bank on Thursday, April 3rd. This represents a $0.84 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Monday, March 24th.

First of Long Island has increased its dividend by an average of 2.5% annually over the last three years.

First of Long Island Trading Up 1.9 %

Shares of NASDAQ:FLIC traded up $0.22 during mid-day trading on Friday, reaching $12.00. 45,804 shares of the company were exchanged, compared to its average volume of 84,857. The firm’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $12.95. First of Long Island has a 1 year low of $9.30 and a 1 year high of $15.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $270.55 million, a price-to-earnings ratio of 16.00 and a beta of 0.75.

First of Long Island (NASDAQ:FLICGet Free Report) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on First of Long Island in a report on Wednesday. They issued a “hold” rating for the company.

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First of Long Island Company Profile

(Get Free Report)

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, and individual retirement accounts.

See Also

Dividend History for First of Long Island (NASDAQ:FLIC)

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