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FUNC First United dividend history, payout ratio & dates

First United's last quarterly dividend payment of $0.2 per share was made to shareholders on record before Jan 17, 2024. The dividend payment stands at $0.8 per share annually, which equates to a dividend yield of 3.62%.

Key dates

  • FUNC last dividend date: Jan 17, 2024
  • FUNC next dividend date: Not announced
FUNC dividend stats
DPS
$0.8
Dividend yield
3.62%
Payout ratio
26.3%
vs. Financial Services sector
Dividend yield
3.32%
Payout ratio
37.3%

Dividend yield

What is First United current dividend yield

FUNC has a dividend yield of 3.62% which is higher than the Financial Services sector average but lower than the industry and its peers average. If we compare it with the Financial Services sector average of 3.32%, First United's dividend yield is 9% higher. The historical 5-year average of FUNC's dividend yield is 3.2%, which is less than the current one.

Dividend history

What is FUNC dividend payout history and dates

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 27% since one year ago. And with the stock price up by 13% from a year ago, the dividend yield marks an increase of 12%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jan 17, 2024 Feb 1, 2024 Nov 29, 2023 $0.2 normal
Oct 17, 2023 Nov 1, 2023 Sep 27, 2023 $0.2 normal
Jul 17, 2023 Aug 1, 2023 Jun 28, 2023 $0.2 normal
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

First United dividend payout ratio

What is First United dividend payout ratio compared to the sector

Payout ratio

FUNC has a payout ratio of 26.3% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 37.3%, First United's payout ratio is 29% lower.

Total amount of dividends paid per financial year (from cash flow)

FUNC dividend vs peer dividends

How does FUNC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
EGBN Eagle Bancorp Inc 7.56% $1.8 45.6%
SASR Sandy Spring Bancorp Inc 6.19% $1.36 49.6%
SHBI Shore Bancshares Inc 4.23% $0.48 73.8%
FUNC First United Corp 3.62% $0.8 26.3%
FNB Fnb Corp 3.6% $0.48 36.4%

Frequently asked questions

Does First United pay a dividend?

Yes, First United has been paying dividends for the last five years.

When is First United's next dividend?

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 April 2024.

When was FUNC's last dividend?

First United's last regular dividend was on Jan 17, 2024 (ex-date) with the amount of $0.2 per share.

How much dividend does First United pay (per share)?

FUNC's annualized dividend per share is $0.8.

What is First United's dividend yield?

The current dividend yield of First United is 3.62%.

How often does First United pay dividends?

First United has a quarterly dividend frequency.

What is First United's dividend payout ratio?

First United's dividend payout ratio is 26.3%.

Does First United pay a good dividend?

First United's dividend yield is more than the Financial Services sector average.