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The First of Long Island Corporation (FLIC) will raise its quarterly dividend by 7.1 percent to $0.15 per share in the fourth quarter of 2017. This marks the company's 22nd consecutive year of higher dividend payments.

The increased dividend will be paid on October 20, 2017 to shareholders of record on October 11, 2017. Last year FLIC hiked its quarterly dividend by 5.0 percent.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation.  The company provides financial services through its branches in Nassau and Suffolk Counties, Long Island and the boroughs of Queens, Brooklyn and Manhattan.