The First of Long Island Co. (FLIC) to Distribute Quarterly Dividend of $0.21 on January 9th

The First of Long Island Co. (NASDAQ:FLIC) announced a quarterly dividend on Friday, December 20th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid 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 7.08%. The ex-dividend date of this dividend is Tuesday, December 31st.

First of Long Island has raised 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% indicating that its dividend is sufficiently covered by earnings.

First of Long Island Stock Down 2.2 %

FLIC opened at $11.87 on Friday. The company has a market cap of $267.60 million, a PE ratio of 13.49 and a beta of 0.71. First of Long Island has a twelve month low of $9.30 and a twelve month high of $15.03. The company has a 50-day moving average price of $13.49 and a 200 day moving average price of $12.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15.

Analyst Ratings Changes

Separately, StockNews.com started coverage on First of Long Island in a research report on Sunday, December 22nd. They issued 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.