![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. That said, they can take comfort from the fact that FLIC is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. But, not every company offers a quarterly payout. The holding company for The First National Bank of Long Island is paying out a dividend of $0.19 per share at the moment, with a dividend yield of 3.36% compared to the Banks - Northeast industry's yield of 2.01% and the S&P 500's yield of 1.29%.įrom greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. The stock has seen a price change of 26.89% since the start of the year. The First of Long Island (FLIC) is headquartered in Glen Head, and is in the Finance sector. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. To read this article on click here.Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. The First of Long Island Corporation (FLIC) : Free Stock Analysis Report Flash sale: Hashtagsforlikes is only 1 per week currently, try it below. Plans: Weekly, Monthly Cancel anytime backed by 14 day money back guarantee. With that in mind, FLIC presents a compelling investment opportunity it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy). Platforms: Available both for Instagram and TikTok. It's important to keep in mind that not all companies provide a quarterly payout.īig, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. The Zacks Consensus Estimate for 2022 is $1.94 per share, with earnings expected to increase 7.18% from the year ago period. Looking at this fiscal year, FLIC expects solid earnings growth. Right now, The First of Long Island's payout ratio is 44%, which means it paid out 44% of its trailing 12-month EPS as dividend. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. The First of Long Island has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 8%. Looking at dividend growth, the company's current annualized dividend of $0.80 is up 3.9% from last year. ![]() The holding company for The First National Bank of Long Island is paying out a dividend of $0.4 per share at the moment, with a dividend yield of 3.92% compared to the Banks - Northeast industry's yield of 2.19% and the S&P 500's yield of 1.44%. The stock has seen a price change of -5.51% since the start of the year.
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