Flushing Financial Corporation the parent holding company for Flushing Bank, announced that the Board of Directors declared a quarterly dividend on its common stock of $0.17 per common share, payable on March 30, 2016 to shareholders of record at the close of business on March 9, 2016.
John R. Buran, the company’s President and CEO, stated: “Our record results for the year ended December 31, 2015, our solid balance sheet, strong capital position and confidence
in the opportunities for future growth, support the Company’s decision to increase the quarterly cash dividend by six percent.
“The continued improvement we have seen in our credit quality and the local economy has allowed us to shift our focus from management of credit issues to growing our Bank. As part of our continuing efforts to enhance the total return to our shareholders, the Board will continue to review future dividend payouts on a quarterly basis.”
Flushing Financial Corporation, with $5.7 billion in consolidated assets, 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, and public entities by offering a full complement of deposit, loan, and cash management services through its 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County.