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, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services, as well as investment securities, management, and advisory services. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan. The company was founded in 1927 and is headquartered in Glen Head, New York.
First of Long Island Dividend Announcement
• First of Long Island announced a quarterly dividend of $0.21 per ordinary share which will be made payable on 2024-10-21. Ex dividend date: 2024-10-11
• First of Long Island annual dividend for 2024 was $0.63
• First of Long Island annual dividend for 2023 was $0.84
• First of Long Island's trailing twelve-month (TTM) dividend yield is 8.34%
• First of Long Island's payout ratio for the trailing twelve months (TTM) is 95.17%
• First of Long Island's dividend growth over the last five years (2018-2023) was 12.31% year
• First of Long Island's dividend growth over the last ten years (2013-2023) was -1.92% year
First of Long Island Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-11 | $0.21 | quarterly | 2024-10-21 |
2024-07-10 | $0.21 | quarterly | 2024-07-18 |
2024-03-12 | $0.21 | quarterly | 2024-03-21 |
2023-12-29 | $0.21 | quarterly | 2024-01-11 |
2023-10-10 | $0.21 | quarterly | 2023-10-19 |
2023-07-11 | $0.21 | quarterly | 2023-07-20 |
2023-03-15 | $0.21 | quarterly | 2023-03-24 |
2022-12-30 | $0.21 | quarterly | 2023-01-12 |
2022-10-11 | $0.21 | quarterly | 2022-10-21 |
2022-07-13 | $0.20 | quarterly | 2022-07-22 |
2022-03-15 | $0.20 | quarterly | 2022-03-24 |
2022-01-04 | $0.20 | quarterly | 2022-01-14 |
2021-10-07 | $0.20 | quarterly | 2021-10-18 |
2021-07-07 | $0.19 | quarterly | 2021-07-16 |
2021-03-09 | $0.19 | quarterly | 2021-03-19 |
2021-01-08 | $0.19 | quarterly | 2021-01-21 |
2020-10-09 | $0.19 | quarterly | 2020-10-22 |
2020-07-08 | $0.18 | quarterly | 2020-07-20 |
2020-03-16 | $0.18 | quarterly | 2020-03-27 |
2020-01-07 | $0.18 | quarterly | 2020-01-20 |
2019-10-08 | $0.18 | quarterly | 2019-10-18 |
2019-07-11 | $0.17 | quarterly | 2019-07-22 |
2019-03-11 | $0.17 | quarterly | 2019-03-20 |
2019-01-02 | $0.17 | quarterly | 2019-01-14 |
2018-10-09 | $0.17 | quarterly | 2018-10-19 |
2018-07-09 | $0.15 | quarterly | 2018-07-19 |
2018-03-15 | $0.15 | quarterly | 2018-04-04 |
2017-12-28 | $0.15 | quarterly | 2018-01-10 |
2017-10-10 | $0.15 | quarterly | 2017-10-20 |
2017-07-06 | $0.14 | quarterly | 2017-07-18 |
2017-03-15 | $0.14 | quarterly | 2017-04-03 |
2016-12-29 | $0.14 | quarterly | 2017-01-13 |
2016-10-03 | $0.21 | quarterly | 2016-10-14 |
2016-06-30 | $0.20 | quarterly | 2016-07-15 |
2016-03-16 | $0.20 | quarterly | 2016-04-04 |
2015-12-24 | $0.20 | quarterly | 2016-01-08 |
2015-09-28 | $0.20 | quarterly | 2015-10-09 |
2015-06-29 | $0.19 | quarterly | 2015-07-10 |
2015-03-16 | $0.19 | quarterly | 2015-04-01 |
2015-01-05 | $0.19 | quarterly | 2015-01-16 |
2014-09-29 | $0.28 | quarterly | 2014-10-15 |
2014-06-27 | $0.26 | quarterly | 2014-07-11 |
2014-03-07 | $0.26 | quarterly | 2014-03-21 |
2013-12-30 | $0.26 | quarterly | 2014-01-10 |
2013-10-01 | $0.26 | quarterly | 2013-10-11 |
2013-07-02 | $0.25 | quarterly | 2013-07-15 |
2013-03-12 | $0.25 | quarterly | 2013-03-22 |
First of Long Island Dividend per year
First of Long Island Dividend growth
First of Long Island Dividend Yield
First of Long Island current trailing twelve-month (TTM) dividend yield is 8.34%. Interested in purchasing First of Long Island stock? Use our calculator to estimate your expected dividend yield:
First of Long Island Financial Ratios
First of Long Island Dividend FAQ
Other factors to consider when evaluating First of Long Island as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First of Long Island's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First of Long Island publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First of Long Island distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First of Long Island are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First of Long Island sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First of Long Island distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First of Long Island declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First of Long Island's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First of Long Island's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.