Unity Bancorp Announces 8% Increase in First Quarter Dividend
Unity Bancorp (NASDAQ: UNTY) has announced an 8% increase in its quarterly cash dividend to $0.14 per common share, up from $0.13 in the previous quarter. The dividend will be payable on March 28, 2025, to shareholders of record as of March 14, 2025.
The company, headquartered in Clinton, New Jersey, currently manages approximately $2.7 billion in assets and $2.1 billion in deposits. Unity Bank provides financial services through its branch network across multiple counties in New Jersey and Pennsylvania.
CEO James A. Hughes emphasized that this dividend increase reflects the company's strong financial health and positive outlook on growth and earnings, while maintaining a conservative capital position.
Unity Bancorp (NASDAQ: UNTY) ha annunciato un incremento dell'8% del suo dividendo in contante trimestrale a 0,14 dollari per azione ordinaria, rispetto a 0,13 dollari del trimestre precedente. Il dividendo sarà pagabile il 28 marzo 2025, agli azionisti registrati al 14 marzo 2025.
L'azienda, con sede a Clinton, New Jersey, gestisce attualmente circa 2,7 miliardi di dollari in attivi e 2,1 miliardi di dollari in depositi. Unity Bank offre servizi finanziari attraverso la sua rete di filiali in diversi contea nel New Jersey e in Pennsylvania.
Il CEO James A. Hughes ha sottolineato che questo aumento del dividendo riflette la solida salute finanziaria dell'azienda e una prospettiva positiva sulla crescita e sugli utili, mantenendo nel contempo una posizione di capitale conservativa.
Unity Bancorp (NASDAQ: UNTY) ha anunciado un aumento del 8% en su dividendo en efectivo trimestral a $0.14 por acción ordinaria, en comparación con $0.13 en el trimestre anterior. El dividendo se pagará el 28 de marzo de 2025, a los accionistas registrados a partir del 14 de marzo de 2025.
La empresa, con sede en Clinton, Nueva Jersey, actualmente gestiona aproximadamente $2.7 mil millones en activos y $2.1 mil millones en depósitos. Unity Bank proporciona servicios financieros a través de su red de sucursales en varios condados de Nueva Jersey y Pennsylvania.
El CEO James A. Hughes enfatizó que este aumento del dividendo refleja la sólida salud financiera de la empresa y una perspectiva positiva sobre el crecimiento y las ganancias, al tiempo que mantiene una posición de capital conservadora.
Unity Bancorp (NASDAQ: UNTY)는 분기 현금 배당금을 8% 증가시켜 보통주당 $0.14로 발표했습니다. 이는 이전 분기의 $0.13에서 증가한 것입니다. 배당금은 2025년 3월 28일에 지급되며, 2025년 3월 14일 기준 주주에게 지급됩니다.
뉴저지주 클린턴에 본사를 둔 이 회사는 현재 약 $27억의 자산과 $21억의 예금을 관리하고 있습니다. Unity Bank는 뉴저지와 펜실베이니아의 여러 카운티에 걸쳐 지점 네트워크를 통해 금융 서비스를 제공합니다.
CEO 제임스 A. 휴즈는 이번 배당금 인상이 회사의 강력한 재무 건전성과 성장 및 수익에 대한 긍정적인 전망을 반영하며, 보수적인 자본 위치를 유지하고 있음을 강조했습니다.
Unity Bancorp (NASDAQ: UNTY) a annoncé une augmentation de 8% de son dividende en espèces trimestriel à 0,14 $ par action ordinaire, contre 0,13 $ au trimestre précédent. Le dividende sera payable le 28 mars 2025, aux actionnaires enregistrés au 14 mars 2025.
L'entreprise, dont le siège est à Clinton, New Jersey, gère actuellement environ 2,7 milliards $ d'actifs et 2,1 milliards $ de dépôts. Unity Bank fournit des services financiers à travers son réseau d'agences dans plusieurs comtés du New Jersey et de Pennsylvanie.
Le PDG James A. Hughes a souligné que cette augmentation du dividende reflète la solide santé financière de l'entreprise et une perspective positive sur la croissance et les bénéfices, tout en maintenant une position de capital conservatrice.
Unity Bancorp (NASDAQ: UNTY) hat eine 8%ige Erhöhung seiner vierteljährlichen Bardividende auf 0,14 $ pro Stammaktie angekündigt, gegenüber 0,13 $ im vorherigen Quartal. Die Dividende wird am 28. März 2025 an die Aktionäre ausgezahlt, die am 14. März 2025 im Aktienregister stehen.
Das Unternehmen mit Sitz in Clinton, New Jersey, verwaltet derzeit etwa 2,7 Milliarden $ an Vermögenswerten und 2,1 Milliarden $ an Einlagen. Die Unity Bank bietet Finanzdienstleistungen über ihr Filialnetz in mehreren Landkreisen in New Jersey und Pennsylvania an.
CEO James A. Hughes betonte, dass diese Dividendenerhöhung die starke finanzielle Gesundheit des Unternehmens und die positive Wachstumsperspektive widerspiegelt, während gleichzeitig eine konservative Kapitalposition beibehalten wird.
- 8% dividend increase shows strong financial health
- $2.7B in assets and $2.1B in deposits indicate solid financial position
- Consistent track record of dividend increases
- None.
CLINTON, N.J., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of
This represents an
“Consistent with the past several years, we are pleased to announce an increase in our dividend payout, a true testament to our robust financial health and confidence in the Company’s growth and earnings outlook. We remain committed to delivering shareholder returns while managing a prudent and conservative capital position.”– James A. Hughes, President & CEO of Unity Bank
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.
News Media & Financial Analyst Contact:
George Boyan
EVP and Chief Financial Officer
(908) 713-4565
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