Adapting to Market Pressures: First of Long Island Supports Investors amidst Changing Profits
Portfolio Pulse from Benzinga Insights
First of Long Island (NASDAQ:FLIC) announced a dividend payout of $0.21 per share with an annualized yield of 6.36%. The ex-dividend date was December 29, 2023, and the dividend is payable on January 11, 2024. The company has seen dividend per share growth from $0.74 to $0.84 from 2020 to 2023, but a decrease in earnings per share from $1.66 to $1.34 in the same period. FLIC's dividend yield surpasses LCNB Corp's (NASDAQ:LCNB) yield of 5.79%.
January 11, 2024 | 3:05 pm
News sentiment analysis
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NEGATIVE IMPACT
LCNB Corp is mentioned as having a lower dividend yield compared to First of Long Island, which may influence investor perception of the company's attractiveness as an income investment.
The direct comparison to FLIC's higher dividend yield could create a negative perception of LCNB's relative value as a dividend stock. This may lead to short-term pressure on LCNB's stock price as investors might favor FLIC for its higher yield.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
First of Long Island has announced a consistent dividend payout, showing a commitment to returning value to shareholders despite a decrease in earnings per share.
The announcement of a stable dividend payout may reassure investors of the company's commitment to shareholder returns, which could support the stock price in the short term. However, the decrease in earnings per share could raise concerns about the sustainability of future dividends, potentially offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100