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

The First of Long Island Co. (NASDAQ:FLIC) announced a quarterly dividend on Monday, December 23rd,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.21 per share by the bank on Thursday, January 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Tuesday, December 31st.

First of Long Island has increased its dividend by an average of 4.8% per year over the last three years. First of Long Island has a payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings.

First of Long Island Price Performance

Shares of NASDAQ:FLIC traded down $0.27 during trading on Monday, reaching $12.13. The stock had a trading volume of 76,298 shares, compared to its average volume of 131,766. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. First of Long Island has a 1-year low of $9.30 and a 1-year high of $15.03. The stock has a market cap of $273.46 million, a PE ratio of 13.78 and a beta of 0.71. The business has a fifty day moving average price of $13.63 and a 200-day moving average price of $12.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on First of Long Island in a research note on Sunday. They set a “hold” rating on the stock.

First of Long Island Company Profile

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.