First United's last quarterly dividend payment of $0.2 per share was made to shareholders on record before Apr 14, 2023. The dividend payment stands at $0.68 per share annually, which equates to a dividend yield of 5.22%. The latest FUNC stock dividend of $0.2 is an increase from the previous $0.18 distribution, representing a growth of 11%.
FUNC has a dividend yield of 5.22% which is higher than the Financial Services sector and the industry average but lower than its peers average. If we compare it with the Financial Services sector average of 3.91%, First United's dividend yield is 34% higher. The historical 5-year average of FUNC's dividend yield is 3.1%, which is less than the current one.
First United has a dividend history dating as far as 1994, but lately the company has been paying dividends for the last five consecutive years. According to our records FUNC has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 13% since one year ago. And with the stock price down by 39% from a year ago, the dividend yield marks an increase of 86%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 14, 2023 | May 1, 2023 | Mar 8, 2023 | $0.2 | normal |
| Jan 12, 2023 | Feb 1, 2023 | Dec 1, 2022 | $0.18 | normal |
| Oct 17, 2022 | Nov 1, 2022 | Sep 28, 2022 | $0.15 | normal |
| Jul 15, 2022 | Aug 1, 2022 | Jun 29, 2022 | $0.15 | normal |
| Apr 14, 2022 | May 2, 2022 | Mar 18, 2022 | $0.15 | normal |
| Jan 13, 2022 | Feb 1, 2022 | Nov 17, 2021 | $0.15 | normal |
| Oct 15, 2021 | Nov 1, 2021 | Sep 27, 2021 | $0.15 | normal |
| Jul 16, 2021 | Aug 2, 2021 | Jul 1, 2021 | $0.15 | normal |
| Apr 16, 2021 | May 3, 2021 | Mar 24, 2021 | $0.15 | normal |
| Jan 14, 2021 | Feb 1, 2021 | Dec 17, 2020 | $0.13 | normal |
| Oct 15, 2020 | Nov 2, 2020 | Sep 23, 2020 | $0.13 | normal |
| Jul 16, 2020 | Aug 3, 2020 | Jun 18, 2020 | $0.13 | normal |
| Apr 16, 2020 | May 1, 2020 | Mar 25, 2020 | $0.13 | normal |
| Jan 14, 2020 | Feb 3, 2020 | Dec 13, 2019 | $0.13 | normal |
| Oct 15, 2019 | Nov 1, 2019 | Sep 25, 2019 | $0.13 | normal |
| Jul 16, 2019 | Aug 1, 2019 | Jun 19, 2019 | $0.09 | normal |
| Apr 16, 2019 | May 1, 2019 | Mar 27, 2019 | $0.09 | normal |
| Jan 14, 2019 | Feb 1, 2019 | Dec 19, 2018 | $0.09 | normal |
| Oct 12, 2018 | Nov 1, 2018 | Sep 26, 2018 | $0.09 | normal |
| Jul 13, 2018 | Aug 1, 2018 | Jun 20, 2018 | $0.09 | normal |
| Apr 13, 2018 | May 2, 2018 | Mar 7, 2018 | $0.09 | normal |
FUNC has a payout ratio of 19% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 32.1%, First United's payout ratio is 41% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EGBN Eagle Bancorp Inc | 9.03% | $1.8 | 48% |
| SASR Sandy Spring Bancorp Inc | 6.49% | $1.36 | 35.2% |
| FUNC First United Corp | 5.22% | $0.68 | 19% |
| FNB Fnb Corp | 4.37% | $0.48 | 32.4% |
| SHBI Shore Bancshares Inc | 4.26% | $0.48 | 29.8% |
Yes, First United has been paying dividends for the last five years.
FUNC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in July 2023.
First United's last regular dividend was on Apr 14, 2023 (ex-date) with the amount of $0.2 per share.
FUNC's annualized dividend per share is $0.68.
The current dividend yield of First United is 5.22%.
First United has a quarterly dividend frequency.
First United's dividend payout ratio is 19%.
First United's dividend yield is more than the Financial Services sector average.