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Looking ahead, future dividend growth will be dependent on earnings growth and 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 7.84%. Looking at dividend growth, the company's current annualized dividend of $0.80 is up 3.9% from last year. In comparison, the Banks - Northeast industry's yield is 2.27%, while the S&P 500's yield is 1.46%.
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Currently paying a dividend of $0.4 per share, the company has a dividend yield of 4.2%. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.īased in Glen Head, The First of Long Island (FLIC) is in the Finance sector, and so far this year, shares have seen a price change of -11.81%. 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. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Ĭash flow can come from bond interest, interest from other types of investments, and of course, dividends. All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities.