First United's last quarterly dividend payment of $0.18 per share was made to shareholders on record before Jan 12, 2023. The dividend payment stands at $0.63 per share annually, which equates to a dividend yield of 3.29%. The latest FUNC stock dividend of $0.18 is an increase from the previous $0.15 distribution, representing a growth of 20%.
FUNC has a dividend yield of 3.29% 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 2.61%, First United's dividend yield is 26% higher.
First United has a dividend history dating as far as 1994, but lately the company has been paying dividends for the last four consecutive years. According to our records FUNC has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 5% since one year ago. And with the stock price down by 2.3% from a year ago, the dividend yield marks an increase of 7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 16.3% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 31.2%, First United's payout ratio is 48% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SASR Sandy Spring Bancorp Inc | 3.88% | $1.36 | 34.6% |
| EGBN Eagle Bancorp Inc | 3.6% | $1.75 | 40% |
| FNB Fnb Corp | 3.32% | $0.48 | 42.1% |
| FUNC First United Corp | 3.29% | $0.63 | 16.3% |
| SHBI Shore Bancshares Inc | 2.66% | $0.48 | 38.7% |
Yes, First United has been paying dividends for the last four 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 April 2023.
First United's last regular dividend was on Jan 12, 2023 (ex-date) with the amount of $0.18 per share.
FUNC's annualized dividend per share is $0.63.
The current dividend yield of First United is 3.29%.
First United has a quarterly dividend frequency.
First United's dividend payout ratio is 16.3%.
First United's dividend yield is more than the Financial Services sector average.