First of Long Island Demonstrates Strong Performance and Increased Profits, Maximizing Returns for Shareholders
Portfolio Pulse from Benzinga Insights
First of Long Island (NASDAQ:FLIC) has announced a dividend payout of $0.21 per share, resulting in an annualized dividend yield of 6.94%. The company has shown a positive trend in dividend growth from 2019 to 2022, with dividends per share rising from $0.70 to $0.82. Additionally, earnings per share have also increased from $1.69 to $2.03 during the same period. First of Long Island's dividend yield is the highest among its industry peers, including Financial Institutions (NASDAQ:FISI), which has an annualized dividend yield of 6.87%.
July 20, 2023 | 3:05 pm
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NEGATIVE IMPACT
First of Long Island's higher dividend yield compared to Financial Institutions could make FISI less attractive to income-seeking investors.
Income-seeking investors may prefer First of Long Island over Financial Institutions due to its higher dividend yield. This could lead to a decrease in demand for FISI shares, potentially driving down the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
First of Long Island's strong financial performance and increased dividends could attract income-seeking investors, potentially driving up the stock price.
First of Long Island's consistent dividend growth and strong earnings growth indicate a healthy financial position, which is likely to attract investors seeking steady income. This increased demand could drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100