Business
Flushing Financial Corporation Declares Its Quarterly Dividend of $0.21 per Share
UNIONDALE, N.Y., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing
About this update from Flushing Financial Corporation
[{"type":"text","content":"UNIONDALE, N.Y., Aug. 25, 2020 (GLOBE NEWSWIRE) -- 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.\n 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 mea...