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First United Corporation Announces First Quarter 2021 Dividend

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First United Corporation (NASDAQ: FUNC) has announced a cash dividend of $.13 per share, set to be paid on February 1, 2021. To qualify, investors must be holders of record as of January 15, 2021. This decision reflects the company's commitment to returning value to shareholders amidst its financial operations.

As the parent company of First United Bank & Trust, First United Corporation operates various subsidiaries, enhancing its portfolio in the banking and finance sector.

Positive
  • Declared a cash dividend of $.13 per share
  • Dividend payment date is February 1, 2021
  • Commitment to return value to shareholders
Negative
  • None.

OAKLAND, Md., Dec. 17, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on February 1, 2021 to holders of record of the Corporation's common stock as of January 15, 2021. 

About First United Corporation

First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers.  The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disposing of the real estate that the Bank acquires through foreclosure or by deed in lieu of foreclosure.  The Bank also owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, which was formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland.  The Corporation's website is www.mybank.com

Cision View original content:http://www.prnewswire.com/news-releases/first-united-corporation-announces-first-quarter-2021-dividend-301195601.html

SOURCE First United Corporation

FAQ

When will the dividend for FUNC be paid?

The dividend for First United Corporation (FUNC) will be paid on February 1, 2021.

What is the amount of the dividend announced by FUNC?

The announced dividend by First United Corporation is $.13 per share.

What is the record date for the FUNC dividend?

The record date for the dividend payment is January 15, 2021.

First Utd Corp

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Banks - Regional
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United States
OAKLAND