Adapting to Market Pressures: First of Long Island Supports Investors amidst Changing Profits
By the close of today, January 11, 2024, First of Long Island (NASDAQ:FLIC) will issue a dividend payout of $0.21 per share, resulting in an annualized dividend yield of 6.36%. Only those investors who owned the stock prior to the ex-dividend date on December 29, 2023 will receive this payout.
First of Long Island Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-29 | 4 | $0.21 | 6.36% | 2023-12-15 | 2024-01-02 | 2024-01-11 |
| 2023-10-10 | 4 | $0.21 | 7.3% | 2023-09-29 | 2023-10-11 | 2023-10-19 |
| 2023-07-11 | 4 | $0.21 | 6.94% | 2023-06-30 | 2023-07-12 | 2023-07-20 |
| 2023-03-15 | 4 | $0.21 | 4.95% | 2023-03-03 | 2023-03-16 | 2023-03-24 |
| 2022-12-30 | 4 | $0.21 | 4.64% | 2022-12-16 | 2023-01-03 | 2023-01-12 |
| 2022-10-11 | 4 | $0.21 | 4.83% | 2022-09-30 | 2022-10-12 | 2022-10-21 |
| 2022-07-13 | 4 | $0.2 | 4.56% | 2022-07-01 | 2022-07-14 | 2022-07-22 |
| 2022-03-15 | 4 | $0.2 | 3.68% | 2022-03-04 | 2022-03-16 | 2022-03-24 |
| 2022-01-04 | 4 | $0.2 | 3.68% | 2021-12-17 | 2022-01-05 | 2022-01-14 |
| 2021-10-07 | 4 | $0.2 | 3.97% | 2021-09-24 | 2021-10-08 | 2021-10-18 |
| 2021-07-07 | 4 | $0.19 | 3.64% | 2021-06-25 | 2021-07-08 | 2021-07-16 |
| 2021-03-09 | 4 | $0.19 | 3.95% | 2021-02-25 | 2021-03-10 | 2021-03-19 |
In the realm of dividend yield, First of Long Island reigns supreme among its industry peers, surpassing LCNB (NASDAQ:LCNB) with an annualized dividend yield of 5.79%.
Analyzing First of Long Island Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.74 to $0.84, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For First of Long Island
From 2020 to 2023, First of Long Island experienced a decrease in earnings per share, dropping from $1.66 to $1.34. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article provides an in-depth analysis of First of Long Island's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.21 per share, resulting in an annualized dividend yield of 6.36%.
In the realm of dividend yield, First of Long Island reigns supreme among its industry peers, surpassing LCNB with an annualized dividend yield of 5.79%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, First of Long Island seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.