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

The First of Long Island Co. (NASDAQ:FLIC) declared a quarterly dividend on Friday, December 20th,Wall Street Journal reports. Shareholders 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 yield of 7.08%. The ex-dividend date is Tuesday, December 31st.

First of Long Island has raised its dividend by an average of 4.8% annually over the last three years. First of Long Island has a dividend payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings.

First of Long Island Stock Performance

Shares of FLIC stock opened at $11.87 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03. The stock has a market capitalization of $267.60 million, a PE ratio of 13.49 and a beta of 0.71. The firm has a 50 day moving average of $13.49 and a two-hundred day moving average of $12.50.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of First of Long Island in a research report on Sunday, December 22nd. They set a “hold” rating for the company.

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.