The First of Long Island Corporation (FLIC) will raise its quarterly dividend by 5.9 percent to $0.18 per share in 2019. This marks the company's 24th consecutive year of annual dividend increases by the financial services provider.

The next dividend will be paid on October 18, 2019 to shareholders of record on October 9, 2019. A new annual rate of 72 cents per share yields 3.1% at at stock price of $23.

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. The Bank’s revenues are derived principally from interest on loans and investment securities, service charges and fees on deposit accounts, income from investment management and trust services and bank-owned life insurance. The First of Long Island Corporation was incorporated on February 7, 1984 for the purpose of providing financial services through its wholly-owned subsidiary, The First National Bank of Long Island.