The First Of Long Island (FLIC) Announces Three-for-Two Common Stock Split
Get Alerts FLIC Hot Sheet
Join SI Premium – FREE
The First of Long Island Corporation (Nasdaq: FLIC) announced a 3-for-2 stock split. The stock split will be effected through a 50% stock dividend entitling each stockholder of record to receive one additional share of common stock for each two shares owned. The Corporation will not pay cash in lieu of fractional shares, but will instead round-up each shareholder’s entitlement to the nearest full share. Additional shares issued as a result of the stock split will be distributed on November 28, 2016, to shareholders of record on November 10, 2016. Trading of the Corporation’s shares on a split-adjusted basis is expected to begin on November 29, 2016.
Michael N. Vittorio, President and Chief Executive Officer of The First of Long Island Corporation, stated: “We are proud of the long-term value we have created for our stockholders and look forward to executing our plans for future growth and expansion. The stock split may broaden our investor base and improve the trading volume and liquidity of our common stock.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
- Webster Financial (WBS) Declares $0.40 Quarterly Dividend; 3.5% Yield
- Hawthorn Bancshares (HWBK) Raises Quarterly Dividend 11.8% to $0.19; 4.1% Yield
Create E-mail Alert Related Categories
Corporate News, Dividends, Management Comments, Stock SplitsRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!