Understanding the Latest Dividend from The First of Long Island Corporation
The First of Long Island Corporation (NASDAQ: FLIC) recently made an important announcement about their fourth quarter cash dividend. Set at $0.21 per share, this dividend is a reflection of the corporation's financial health and commitment to returning value to its shareholders.
Details of the Dividend Declaration
This cash dividend will be distributed on January 9, 2025. Shareholders who are on record as of December 31, 2024, will be eligible to receive this payment. Such announcements are vital for investors as they often indicate the company’s financial stability and its ongoing strategy to maintain positive shareholder returns.
The Significance of Dividends in Investing
Dividends can play a crucial role in an investment strategy, especially for income-focused investors. They represent a portion of a company’s earnings distributed among shareholders and demonstrate the firm's profitability. Regular dividends may attract more investors and create a loyal shareholder base.
About The First of Long Island Corporation
The First of Long Island Corporation is proud to be the parent company of The First National Bank of Long Island. This institution, branded as First National Bank LI, operates to fulfill the banking needs of both businesses and consumers across Long Island and New York City.
Core Banking Services Offered
The bank offers a wide array of services including lending, deposits, investments, and digital products. It is well-known for its commitment to providing exceptional customer service, which is central to their ethos of a "Customer First" banking experience. This approach is especially advantageous to small and middle-market businesses, professional service firms, not-for-profits, and even municipalities.
Commitment to Customer Satisfaction
At The First National Bank LI, the focus on the client experience sets them apart. Their dedication to extraordinary service has built a strong reputation within the community, highlighting their desire to not only meet but exceed customer expectations. This service-first mentality fosters trust and long-term relationships with their clients.
Contact Information
For those seeking further details about the dividend or banking services, you may reach out to:
Janet Verneuille, SEVP & CFO
(516) 671-4900, Ext. 7462
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $0.21 per share for the fourth quarter.
When will the dividend be paid?
The dividend will be paid on January 9, 2025.
Who is eligible to receive the dividend?
Shareholders on record as of December 31, 2024, will be eligible to receive the dividend.
What services does The First National Bank LI provide?
The bank provides lending, deposit, investment, and digital products, all designed to meet the needs of its clients.
How can I contact The First of Long Island Corporation for more information?
You can contact Janet Verneuille at (516) 671-4900, Ext. 7462 for further details.
