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MELVILLE, N.Y. - The First of Long Island Corporation (NASDAQ:FLIC), the parent company of The First National Bank of Long Island, has declared a quarterly cash dividend of $0.21 per share, representing a notable 7.13% yield. The company has maintained dividend payments for 41 consecutive years, according to InvestingPro data. Shareholders on record as of March 24, 2025, will receive the payment on April 3, 2025.
The First National Bank of Long Island, operating under the brand First National Bank LI, serves both business and consumer clients with a variety of lending, deposit, investment, and digital services. With a market capitalization of $266 million and a P/E ratio of 15.5, the bank emphasizes a customer-first approach and caters to small and middle-market businesses, professional service firms, not-for-profits, municipalities, and individual consumers, primarily across Long Island and New York City. Analysis from InvestingPro suggests the stock is currently trading below its Fair Value.
This declaration follows the bank’s tradition of providing dividends to its shareholders and reflects its ongoing financial performance. The First of Long Island Corporation is listed on the Nasdaq stock exchange under the ticker symbol NASDAQ:FLIC.
The information in this report is based on a press release statement from The First of Long Island Corporation.
In other recent news, The First of Long Island Corporation has announced a fourth-quarter cash dividend of $0.21 per share. This dividend is set to be distributed on January 9, 2025, to shareholders recorded by December 31, 2024. The announcement underscores the corporation’s ongoing commitment to delivering value to its shareholders. Dividends are a common method for companies to return a portion of their earnings to investors, indicating the company’s financial health and profitability. The First of Long Island Corporation’s decision to issue this dividend aligns with its consistent practice of providing shareholder returns. This development reflects the company’s ability to generate sufficient profits, which it shares with its investors. The banking institution continues to emphasize its "Customer First" banking experience as a key aspect of its business operations.
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