First United Corporation Announces Fourth Quarter 2021 Dividend

Rhea-AI Summary

On September 27, 2021, First United Corporation (NASDAQ: FUNC) declared a cash dividend of $.15 per share, payable on November 1, 2021. Shareholders of record as of October 18, 2021 will receive this dividend. First United Corporation operates as a parent company of First United Bank & Trust in Maryland, which includes several subsidiaries focused on banking and finance, as well as real estate management.

Positive

• Declaration of a cash dividend of $.15 per share signal confidence in company performance.
• Dividend payment scheduled for November 1, 2021, provides immediate income to shareholders.

Negative

• None.

OAKLAND, Md., Sept. 27, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on November 1, 2021 to holders of record of the Corporation's common stock as of October 18, 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.

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SOURCE First United Corporation

FAQ

What is the dividend amount announced by First United Corporation?

First United Corporation has announced a dividend of $.15 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on November 1, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is October 18, 2021.

How often does First United Corporation pay dividends?

The frequency of dividend payments may vary; please check for future announcements.