E Daily Stock Analysis: First Long Island

FLIC Dividends

First Long Island's most recent quarterly dividend of $0.19 was paid on March 19th and equates to $0.76 annually which will yield 3.44% based on yesterday's $22.10 closing price. FLIC has paid quarterly dividends increasing annually since 1996 (25 years.)

FLIC Returns

Adding the $0.76 annual First Long Island forward-looking dividend to my $1.90 price upside estimate shows a $2.66 potential gross gain, per share, to be reduced by any costs to trade the shares.  Say we invest a little under  $1000 in FLIC at $22.10 per share, we'd buy 45 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.22 per share.

Subtract that maybe $0.22 brokerage cost from my estimated $2.66 gross gain per share results in a net gain of $2.44 X 45 shares = $109.80 for a 10.9% net gain on a $994.50 investment.

So it is that First Long Island Corp shows a possible 10.9% net gain including a 3.44% forward estimated dividend yield. 

Over the next year at this time, a $1000 investment in FLIC would generate $34.40 in cash dividends. And a single share bought at yesterday's closing price was $22.10! So, if FLIC is your kind of regional bank investment, First Long Island Corp's share price is about $12 below the expected annual dividend income from $1,000 invested. This suggests that now is a good time to add First Long Island Corp to your stock holdings. 

All of the estimates above are speculation based on the past history of First Long Island Corp. Only time and money invested in this stock will determine its true worth.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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