Flushing Financial Corporation Declares Quarterly Dividend of $0.22 per Share
February 23 2023 - 5:00PM
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 $0.22 per common share,
payable on March 31, 2023 to shareholders of record at the close of
business on March 10, 2023.
John R. Buran, the Company’s President and Chief
Executive Officer, stated: “This quarter’s dividend marks the 107th
consecutive quarterly dividend and highlights the Company’s
commitment to returning capital to shareholders. Approximately 71%
of earnings were returned to shareholders in 2022 through dividends
and share repurchases. Over the long term, the Company has
continued to create shareholder value through dividends, which have
grown at a 15% compounded annual growth rate since the initial
dividend in 1996.”
FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is
the holding company for Flushing Bank®, an FDIC insured, New York
State—chartered commercial bank that operates banking offices in
Queens, Brooklyn, Manhattan, and on Long Island. The Bank has been
building relationships with families, business owners, and
communities since 1929. Today, it offers the products, services,
and conveniences associated with large commercial banks, including
a full complement of deposit, loan, equipment finance, and cash
management services. Rewarding customers with personalized
attention and bankers that can communicate in the languages
prevalent within these multicultural markets is what makes the Bank
uniquely different. As an Equal Housing Lender and leader in real
estate lending, the Bank’s experienced lending teams create
mortgage solutions for real estate owners and property managers
both within and outside the New York City metropolitan area. The
Bank also fosters relationships with consumers nationwide through
its online banking division with the iGObanking® and BankPurely®
brands. Additional information on Flushing Financial Corporation
and Flushing Bank may be obtained by visiting the Company’s web
site at FlushingBank.com.
“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, 2021 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.
#FF
CONTACT:
Susan K. CullenSenior Executive Vice President,
Chief Financial Officer and TreasurerFlushing Financial
Corporation(718) 961-5400
Flushing Financial (NASDAQ:FFIC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Flushing Financial (NASDAQ:FFIC)
Historical Stock Chart
From Sep 2023 to Sep 2024