GLEN HEAD, New York, March 02, 2016 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq:FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.20 per share. This represents a 5.3% increase over the dividend of $.19 per share declared in the same quarter last year. The dividend will be paid on April 4, 2016 to shareholders of record on March 18, 2016.
The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has forty-four branches in Nassau and Suffolk Counties, Long Island and the boroughs of Queens and Manhattan. The Bank anticipates opening one to two more branches during the remainder of 2016 and continues to evaluate sites for further branch expansion.