Is the First of Long Island Dividend Safe?
First of Long Island has been increasing the dividend for 5 years.
Over the past 10 years, First of Long Island has increased it by an annual 6.362 %.
Over a five-year period, the distribution increased by 12.315%.
Analysts expect a Dividend Increase of 3.425% for the current fiscal year.
First of Long Island Aktienanalyse
What does First of Long Island do?
The First of Long Island Corp is a US financial company based in New York. The history of the company dates back to 1927 when the Bank of Long Island was founded. In 2013, this bank was renamed First National Bank of Long Island. The company itself was founded in 1985 as a holding company to consolidate holdings in various banks and financial service companies.
The business model of the First of Long Island Corp is focused on providing financial services to customers in the Long Island region. The company specializes primarily in retail banking and middle market lending. Customers are served by the various subsidiaries of the company, which offer services such as banking, wealth management, insurance, and other financial services.
The First of Long Island Corp operates in various segments. These include:
- First National Bank of Long Island: The bank is the flagship of the company and offers comprehensive banking services such as accounts, loans, credit cards, online banking, and more. It has a large network of branches on Long Island.
- The First Wealth Financial Group: This subsidiary offers wealth management and advisory services to individuals and businesses. Services include investment and retirement planning, tax planning, and more.
- The First Insurance Agency: This subsidiary offers insurance services to individuals and businesses. It collaborates with various insurers and offers a wide range of insurance products.
- The First Capital Advisors: This company offers investment and financial services to institutional clients. These include investment advisory, portfolio management, and more.
Products offered by the First of Long Island Corp include:
- Accounts: The bank offers various types of accounts, including checking accounts, savings accounts, and certificates of deposit.
- Loans: The bank offers various types of loans, including business loans, mortgages, and consumer loans.
- Credit cards: The bank offers various credit cards, including cards with rewards programs and special offers.
- Insurance: The First Insurance Agency offers various insurance products such as life insurance, property and casualty insurance, and health insurance.
Overall, the First of Long Island Corp is a solid financial company with a wide range of financial services for individuals and businesses. Especially for customers in the Long Island region, the company offers many advantages through its large number of branches and regional expertise. First of Long Island is one of the most popular companies on Eulerpool.com.Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.