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

The First of Long Island Co. (NASDAQ:FLIC) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid 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 of this dividend is Monday, March 24th.

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

First of Long Island Stock Performance

Shares of NASDAQ FLIC opened at $12.00 on Friday. The company has a market cap of $270.55 million, a PE ratio of 16.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. First of Long Island has a 12 month low of $9.30 and a 12 month high of $15.03. The company has a 50-day simple moving average of $12.55 and a 200-day simple moving average of $12.95.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on First of Long Island in a research report on Wednesday. They set a “hold” rating on the stock.

About First of Long Island

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.