First of Long Island Corporation Announces First Quarter Cash Dividend
In a recent press release, The First of Long Island Corporation (FLIC) announced the declaration of a first quarter cash dividend. The dividend, which amounts to $.21 per share, will be distributed to shareholders on April 3, 2025.
Details of the Dividend
According to the announcement, the record date for this dividend is March 24, 2025. This means that shareholders must own FLIC stock prior to this date in order to be eligible to receive the dividend payment. The ex-dividend date, which is the last date on which an investor can buy FLIC stock and still be entitled to the dividend, is March 22, 2025.
Impact on Individual Shareholders
For individual investors who own FLIC stock, this dividend payment can provide a source of passive income. A $.21 dividend per share may not seem like much, but for a large number of shares, it can add up to a significant amount of money. Dividends can also serve as a buffer against market volatility, as they provide a steady stream of income regardless of the stock price. Additionally, many investors use dividends as a source of funds for reinvestment, allowing them to buy more shares and potentially earn even more dividends in the future.
Impact on the Global Economy
The declaration of a cash dividend by a corporation like First of Long Island is not just an event for its individual shareholders, but also has wider implications for the global economy. Dividends represent a transfer of wealth from corporations to their shareholders, which can in turn be used to fuel consumer spending. This can lead to increased economic activity, as consumers use their dividend income to purchase goods and services. Furthermore, corporations that consistently pay dividends are often seen as financially stable and attractive investments, which can lead to increased demand for their stock and potentially higher stock prices. This can benefit not only the corporation and its shareholders, but also the broader economy as a whole.
Conclusion
The declaration of a first quarter cash dividend by The First of Long Island Corporation is a significant event for both the company and its shareholders. For individual investors, this dividend payment can provide a source of passive income and serve as a buffer against market volatility. For the global economy, it represents a transfer of wealth from corporations to their shareholders, which can lead to increased consumer spending and potentially higher stock prices. As such, the declaration of a cash dividend is an important part of the financial landscape, and one that should be closely watched by investors and economists alike.
- First of Long Island Corporation declares first quarter cash dividend
- $.21 per share dividend payment
- Record date: March 24, 2025
- Ex-dividend date: March 22, 2025
- Impact on individual investors: passive income, market volatility buffer
- Impact on global economy: transfer of wealth, increased consumer spending, higher stock prices
