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

The First of Long Island Co. (NASDAQ:FLIC) announced a quarterly dividend on Monday, December 23rd,Wall Street Journal reports. Investors 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 annualized dividend 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% annually 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 Stock Performance

FLIC traded down $0.27 on Monday, hitting $12.13. 76,298 shares of the company’s stock were exchanged, compared to its average volume of 131,766. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average of $13.63 and a two-hundred day moving average of $12.43. First of Long Island has a twelve month low of $9.30 and a twelve month high of $15.03. The firm has a market cap of $273.46 million, a PE ratio of 13.78 and a beta of 0.71.

Analyst Ratings Changes

Separately, StockNews.com began coverage on First of Long Island in a research report on Sunday. They issued 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.