BankUnited, Inc. Announces 8 Percent Increase in Quarterly Dividend

Rhea-AI Summary

BankUnited, Inc. (NYSE:BKU) has announced a quarterly cash dividend increase of $0.27 per common share, up 8% from the previous $0.25. This dividend will be payable on April 28, 2023, to stockholders of record as of April 12, 2023. As of December 31, 2022, BankUnited reported total assets of $37 billion.

Positive

• Dividend increase from $0.25 to $0.27 per share
• Demonstrates company confidence in financial stability

Negative

• None.

MIAMI LAKES, Fla.--(BUSINESS WIRE)-- BankUnited, Inc. (NYSE:BKU), (the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share, reflecting an 8% increase from the previous quarterly cash dividend of $0.25 per common share. The dividend will be payable on April 28, 2023 to stockholders of record at the close of business on April 12, 2023.

About BankUnited, Inc.

BankUnited, Inc. (NYSE: BKU), with total assets of $37 billion at December 31, 2022 is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, New York metropolitan area and Dallas, Texas and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.Official and on Twitter @BankUnited.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005910/en/

Corporate Communications:

Donna Crump-Butler

305-231-6707

DButler@BankUnited.com

Source: BankUnited, Inc.

FAQ

What is the latest dividend declared by BankUnited (BKU)?

BankUnited has declared a quarterly cash dividend of $0.27 per common share.

When is the dividend payable for BankUnited (BKU)?

The dividend will be payable on April 28, 2023.

What was the previous dividend amount for BankUnited (BKU)?

The previous dividend was $0.25 per common share.

What is BankUnited's total asset size as of December 31, 2022?

As of December 31, 2022, BankUnited reported total assets of $37 billion.