U & I Financial Corp. Declares Cash Dividend of $0.10 Per Share

Rhea-AI Summary

U & I Financial Corp. (OTCQX:UNIF) announced a cash dividend of $0.10 per common share, payable on or about April 14, 2022, to stockholders of record by March 31, 2022. This decision reflects the Board's commitment to reward shareholders after years of steady growth. President and CEO Peter Park indicated that, economic conditions permitting, dividends will continue to be issued on a semi-annual basis. UniBank, as a subsidiary, focuses on serving small to medium-sized businesses and ethnic minority communities in Washington state.

Positive

• Dividend declaration of $0.10 per share.
• Decision reflects continuous growth and solid returns.
• Potential for future semi-annual dividends.

Negative

• None.

LYNNWOOD, WA / ACCESSWIRE / March 21, 2022 / U & I Financial Corp. (OTCQX:UNIF), the holding company of UniBank, today announced that its Board of Directors declared a cash dividend of $0.10 per common share. The dividend is payable on or about April 14, 2022 to all stockholders of record as of the close of business on March 31, 2022.

"After years of continuous growth and solid returns, the Board wanted to reward our shareholders with this dividend in addition to the Stock Repurchase Program that started last December," said Peter Park, President and CEO. He added that, "if economic conditions permit, I expect that the dividends will continue on a semi-annual basis."

About UniBank

UniBank, the wholly-owned subsidiary of U & I Financial Corp. (OTCQX:UNIF), is one of the highest performing banks in Washington state in terms of return on assets. Based in Lynnwood, Washington, the Bank was founded in 2006 to serve the small to medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. Customers can access their accounts in any of the 4 branches - Lynnwood, Bellevue, Federal Way and Tacoma - online, or through the Bank's ATM network.

For more information visit www.unibankusa.com or call (425) 275-9700.

Forward-Looking Statement Safe Harbor: This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Forward-looking statements describe U & I Financial Corp.'s projections, estimates, plans and expectations of future results and can be identified by words such as "believe," "intend," "estimate," "likely," "anticipate," "expect," "looking forward," and other similar expressions. They are not guarantees of future performance. Actual results may differ materially from the results expressed in these forward-looking statements, which because of their forward-looking nature, are difficult to predict. Investors should not place undue reliance on any forward-looking statement, and should consider factors that might cause differences including but not limited to the degree of competition by traditional and nontraditional competitors, declines in real estate markets, an increase in unemployment or sustained high levels of unemployment; changes in interest rates; adverse changes in local, national and international economies; changes in the Federal Reserve's actions that affect monetary and fiscal policies; changes in legislative or regulatory actions or reform, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act; demand for products and services; changes to the quality of the loan portfolio and our ability to succeed in our problem-asset resolution efforts; the ongoing uncertainties from COVID-19; the impact of technological advances; changes in tax laws; and other risk factors. U & I Financial Corp. undertakes no obligation to publicly update or clarify any forward-looking statement to reflect the impact of events or circumstances that may arise after the date of this release.

Investor Relations

Simon Bai
(425) 275-9704

SOURCE: U & I Financial Corp. (Washington)

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FAQ

What is the dividend amount declared by U & I Financial Corp. for 2022?

U & I Financial Corp. declared a cash dividend of $0.10 per common share.

When will U & I Financial Corp.'s dividend be paid?

The dividend is payable on or about April 14, 2022.

What is the record date for the dividend payment from U & I Financial Corp.?

The record date for the dividend payment is March 31, 2022.

Will U & I Financial Corp. continue to pay dividends in the future?

If economic conditions permit, U & I Financial Corp. expects to continue dividends on a semi-annual basis.