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First United Corporation Announces Fourth Quarter 2020 Dividend

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First United Corporation (NASDAQ: FUNC) has declared a cash dividend of $.13 per share, payable on November 2, 2020. Shareholders on record as of October 16, 2020 will receive this payment, reflecting the company’s ongoing commitment to returning value to its shareholders. The company, based in Maryland, operates through its banking subsidiary and various finance companies.

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  • Declared a cash dividend of $.13 per share to enhance shareholder income.
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  • None.

OAKLAND, Md., Sept. 24, 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 November 2, 2020 to holders of record of the Corporation's common stock as of October 16, 2020. 

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-fourth-quarter-2020-dividend-301137887.html

SOURCE First United Corporation

FAQ

What is the dividend amount declared by First United Corporation?

The dividend amount declared is $.13 per share.

When will the dividend be paid?

The dividend will be payable on November 2, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is October 16, 2020.

How often does First United Corporation pay dividends?

The frequency of dividend payments can vary; please check their announcements for updates.

First United Corp

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Banks - Regional
National Commercial Banks
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United States of America
OAKLAND