Flushing Financial announces dividend, focuses on 2024 goals

UNIONDALE, NY – Flushing Financial (NASDAQ:) Corporation (NASDAQ:FFIC), the parent company of Flushing Bank, has declared a quarterly dividend of $0.22 per common share, according to a recent press release. The dividend is payable to shareholders of record as of March 11, 2024, with the payment date set for March 22, 2024.

This dividend marks the 111th consecutive quarterly payment to shareholders since the company’s first dividend in 1996, underlining Flushing Financial’s ongoing commitment to its shareholders. John R. Buran, President and CEO of Flushing Financial, commented on the company’s steadfast approach to dividends and outlined key focus areas for 2024.

These include increasing the net interest margin (NIM) and reducing volatility, maintaining credit discipline, preserving strong liquidity and capital, and managing expenses effectively.

Flushing Bank, an FDIC-insured, New York State-chartered commercial bank, operates several banking offices across New York, including Queens, Brooklyn, Manhattan, and Long Island. The bank has been operational since 1929, offering a range of banking services such as deposits, loans, equipment finance, and cash management.

It prides itself on personalized customer service and a multilingual staff catering to the diverse communities it serves.

In addition to traditional banking, Flushing Bank extends its reach to consumers nationwide through its online banking division, which includes the iGObanking® and BankPurely® brands. The bank is also recognized as an Equal Housing Lender and a leader in real estate lending, providing mortgage solutions in and beyond the New York City metropolitan area.

The press release also contained a standard “Safe Harbor” statement, cautioning that forward-looking statements are subject to risks and uncertainties and that actual results could differ from those anticipated.

This financial update is based solely on the press release from Flushing Financial Corporation, providing shareholders and the public with key information on the company’s dividend declaration and strategic focus for the coming year.

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