The board of Flushing Financial Corp. authorized a dividend of 20 cents per common share and the repurchase of up to 1.0 million shares.
The dividend, an increase from the previous 18 cents per share, will be paid out March 30 to shareholders of record as of March 9.
Before buying shares under the new repurchase program, Flushing will complete an earlier buyback plan. That plan still has 124,713 shares authorized for repurchase.
Flushing Financial is the Uniondale, N.Y.-based holding company of Flushing Bank.
