First of Long Island's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First of Long Island (NASDAQ:FLIC) announced it will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 21 cents lower. Shareholders owning FLIC as of the end of Monday's session are eligible for the dividend, which will be paid out on July 20, 2023.
July 06, 2023 | 2:45 pm
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First of Long Island's stock will likely open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on July 20, 2023.
The stock is expected to open lower on the ex-dividend date as the price adjusts to reflect the dividend payout. This is a common occurrence and does not reflect negatively on the company's performance. The dividend payout is a positive for shareholders who will receive 21 cents per share on July 20, 2023.
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