Dividend Declaration by The First of Long Island Corporation
The First of Long Island Corporation (NASDAQ: FLIC) has made an exciting announcement regarding its financial performance and commitment to its shareholders. The company has declared a fourth quarter cash dividend of $0.21 per share. This dividend is set to be distributed on January 9, 2025, to shareholders who are on record as of December 31, 2024.
Understanding the Importance of this Dividend
What This Means for Shareholders
The declaration of a cash dividend indicates the company’s steady performance and reliable revenue streams. For shareholders, receiving a dividend can be a great incentive, providing a source of income while they hold onto their shares. This payment reflects not just profitability, but also the company’s commitment to returning value to its investors.
The First of Long Island Corporation’s Banking Services
As a key player in the financial sector, The First of Long Island Corporation is the parent company of The First National Bank of Long Island. The bank serves a diverse clientele, including small to mid-sized businesses, professional service entities, not-for-profits, municipalities, and individual consumers across Long Island and New York City.
Focus on Customer Satisfaction
One of the hallmarks of The First National Bank LI is its dedication to extraordinary service. The organization prides itself on a customer-centric approach, ensuring tailored solutions that meet the varying needs of its clients. The broad range of offerings, including lending, deposit, investment, and digital services, makes the bank a comprehensive financial partner for its customers.
The Financial Stability of The First of Long Island Corporation
The company’s decision to maintain a regular dividend payment is a testament to its robust financial health. Financial institutions often face scrutiny from investors regarding their earnings and profitability. By consistently paying dividends, The First of Long Island Corporation communicates confidence in its business model and future prospects.
Contact Information for Inquiries
Reach Out for More Information
For anyone interested in learning more about The First of Long Island Corporation's services, or the recent dividend announcement, you can contact Janet Verneuille, Senior Executive Vice President and Chief Financial Officer, at (516) 671-4900, Extension 7462. Janet is available to answer any questions and provide further insights regarding the company’s operations and ambitions.
Frequently Asked Questions
What is the amount of the declared cash dividend?
The declared cash dividend is $0.21 per share.
When will the dividend be paid out?
The dividend will be paid on January 9, 2025.
Who is eligible to receive the dividend?
Shareholders of record as on December 31, 2024, are eligible to receive the dividend.
What services does The First National Bank of Long Island offer?
The bank offers a variety of services including lending, deposits, investments, and digital products tailored to meet client needs.
How can I contact The First of Long Island Corporation?
You can contact Janet Verneuille at (516) 671-4900, Ext. 7462 for any inquiries regarding the company.
