Flushing Financial Corporation Declares Its Quarterly Dividend of $0.21 per Share
August 25 2020 - 5:30PM
Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC),
the parent holding company for Flushing Bank (the “Bank”), today
announced that the Board of Directors (the “Board”) declared a
quarterly dividend on its common stock of $0.21 per common share,
payable on September 25, 2020 to shareholders of record at the
close of business on September 11, 2020.
John R. Buran, the Company’s President and Chief
Executive Officer, stated: “We remain dedicated to the successful
execution of our strategic objectives of remaining well
capitalized, managing cost of funds, leveraging loan pricing and
portfolio mix to increase interest income, improving scalability
and efficiency, and continuing to manage credit risk. Our strong
financial performance and capital position supports the Company’s
decision to declare quarterly cash dividend payouts to
shareholders. As part of our commitment to enhance the total return
to our shareholders, the Board will continue to review future
dividend payments on a quarterly basis.”
FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is
the holding company for Flushing Bank®, a New York State-chartered
commercial bank insured by the Federal Deposit Insurance
Corporation. The Bank serves consumers, businesses, professionals,
corporate clients, and public entities by offering a full
complement of deposit, loan, equipment finance, and cash management
services through its banking offices located in Queens, Brooklyn,
Manhattan, and on Long Island. As a leader in real estate lending,
the Bank’s experienced lending team creates mortgage solutions for
real estate owners and property managers both within and outside
the New York City metropolitan area. Flushing Bank is an Equal
Housing Lender. The Bank also operates an online banking division
consisting of iGObanking.com®, which offers competitively priced
deposit products to consumers nationwide, and BankPurely®, an
eco-friendly, healthier lifestyle community brand.
“Safe Harbor” Statement under the
Private Securities Litigation Reform Act of 1995:
Statements in this Press Release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include, but are not limited to,
risk factors discussed in the Company’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2019 and in other documents
filed by the Company with the Securities and Exchange Commission
from time to time. Forward-looking statements may be identified by
terms such as “may”, “will”, “should”, “could”, “expects”, “plans”,
“intends”, “anticipates”, “believes”, “estimates”, “predicts”,
“forecasts”, “goals”, “potential” or “continue” or similar terms or
the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The Company has no obligation to
update these forward-looking statements.
Additional information on Flushing Financial
Corporation may be obtained by visiting the Company’s web site at
http://www.flushingbank.com.
CONTACT:
Susan K. CullenSenior Executive Vice President
andChief Financial OfficerFlushing Financial Corporation(718)
961-5400
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