GLEN HEAD, N.Y., Feb. 26, 2015 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq:FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.19 per share. This represents a 9.6% increase over the split-adjusted dividend of $.1733 per share declared in the same quarter last year. The dividend will be paid on April 1, 2015 to shareholders of record on March 18, 2015.
The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has forty branches in Nassau and Suffolk Counties, Long Island and Manhattan. The Bank expects to open its forty-first branch in Patchogue, Long Island and its forty-second branch in Melville, Long Island in the second quarter of this year.