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

The First of Long Island Co. (NASDAQ:FLIC - Get Free Report) 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 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Tuesday, December 31st.

First of Long Island has increased its dividend by an average of 4.8% annually 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 Trading Down 2.2 %

First of Long Island stock traded down $0.27 during mid-day trading on Monday, hitting $12.13. The company's stock had a trading volume of 76,298 shares, compared to its average volume of 131,766. The stock's fifty day moving average is $13.61 and its two-hundred day moving average is $12.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $273.46 million, a PE ratio of 13.78 and a beta of 0.71. First of Long Island has a 1 year low of $9.30 and a 1 year high of $15.03.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on First of Long Island in a research report on Sunday. 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.