FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 DIVIDEND

Rhea-AI Summary

On June 29, 2022, First United Corporation (NASDAQ: FUNC) declared a cash dividend of $.15 per share. This dividend is set to be paid on August 1, 2022, to shareholders recorded as of July 18, 2022. First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company, and operates through various subsidiaries, including finance companies and real estate trusts.

Positive

• Declared a cash dividend of $.15 per share for Q3 2022, indicating confidence in financial stability.

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• None.

OAKLAND, Md., June 29, 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 August 1, 2022, to holders of record of the Corporation's common stock as of July 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 declared by First United Corporation in June 2022?

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

When is the dividend payable to shareholders for FUNC?

The dividend will be payable on August 1, 2022.

What is the record date for the dividend payment of FUNC?

The record date for the dividend payment is July 18, 2022.

How often does First United Corporation pay dividends?

First United Corporation typically pays dividends quarterly.