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 who own FLIC as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 19, 2023.
October 05, 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 October 19, 2023.
The stock price typically drops by about the same amount of the dividend on the ex-dividend date. This is because the dividend payout is factored into the stock price, and once it's paid out, the stock price adjusts to reflect this. Therefore, it's likely that FLIC's stock price will open lower on Tuesday.
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