FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2022 DIVIDEND

Rhea-AI Summary

First United Corporation (NASDAQ: FUNC) announced a cash dividend of $.15 per share, payable on May 2, 2022. Shareholders of record as of April 18, 2022 will receive this dividend. The announcement underscores the company's commitment to returning value to shareholders while maintaining operations through its range of financial services offered by First United Bank & Trust and its subsidiaries.

Positive

• Declaration of a cash dividend of $.15 per share indicates a return of value to shareholders.
• Dividend payment reflects company confidence and financial health.

Negative

• None.

OAKLAND, Md., March 18, 2022 /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 May 2, 2022 to holders of record of the Corporation's common stock as of April 18, 2022. 

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 and a 99.9% non-voting membership interest in MCC FUBT Fund, LC, an Ohio limited liability company formed for the purpose of acquiring, developing and operating low-income housing units in Allegany County, Maryland.  The Corporation's website is www.mybank.com. 

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SOURCE First United Corporation

FAQ

What is the dividend amount for FUNC in 2022?

The dividend amount for First United Corporation (FUNC) is $.15 per share.

When will the dividend for FUNC be paid?

The dividend will be paid on May 2, 2022.

What is the record date for the FUNC dividend?

The record date for the dividend is April 18, 2022.

How often does FUNC pay dividends?

The frequency of dividends for FUNC typically occurs quarterly, but investors should check for specific announcements.

Is the dividend from FUNC sustainable?

While the recent dividend announcement is a positive indicator, sustainability can depend on the company's ongoing financial performance.