First United Corporation Announces Third Quarter 2021 Dividend

Rhea-AI Summary

First United Corporation (NASDAQ: FUNC) declared a cash dividend of $.15 per share, payable on August 2, 2021, to stockholders of record as of July 19, 2021. This decision reflects the company’s ongoing commitment to provide returns to its shareholders.

First United Corporation serves as the parent company for First United Bank & Trust, located in Maryland, and includes several wholly-owned subsidiaries focused on finance and real estate management.

Positive

• Declared cash dividend of $.15 per share.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

OAKLAND, Md., July 1, 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 August 2, 2021 to holders of record of the Corporation's common stock as of July 19, 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 declared by First United Corporation (FUNC)?

First United Corporation declared a cash dividend of $.15 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on August 2, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is July 19, 2021.

How often does First United Corporation pay dividends?

First United Corporation typically pays dividends quarterly.