First of Long Island's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First of Long Island (NASDAQ:FLIC) announced a quarterly dividend of 21 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on January 11, 2024. The stock is expected to open 21 cents lower on the ex-dividend date.
December 26, 2023 | 2:45 pm
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First of Long Island will pay a quarterly dividend of 21 cents per share, with the ex-dividend date on Friday. The stock price is expected to open lower by the dividend amount on that day.
The stock price of FLIC is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence when stocks go ex-dividend.
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