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UNTY Unity Bancorp dividend history, payout ratio & dates

Unity Bancorp's most recent quarterly dividend of $0.11 per share was on Sep 8, 2022 (ex-date). The annualized payout of $0.42 per share represents a current dividend yield of 1.61%.

Key dates

  • UNTY last dividend date: Sep 8, 2022
  • UNTY next dividend date: Not announced
UNTY dividend stats
DPS
$0.42
Dividend yield
1.61%
Payout ratio
11.6%
vs. Financial Services sector
Dividend yield
2.81%
Payout ratio
30.1%

Dividend yield

What is Unity Bancorp current dividend yield

UNTY has a dividend yield of 1.61% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.81%, Unity Bancorp's dividend yield is 43% lower. The current dividend yield is above the historical average of 1.5% of the last 5 years.

Dividend history

What is UNTY dividend payout history and dates

Unity Bancorp has a dividend history dating as far as 1997, but when it comes to recent years the company has recorded nine consecutive years of dividend payments. Our records of UNTY show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 24% for the last year. And since the stock price has gone up by 11% from a year ago, the dividend yield has grown by 11%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 8, 2022 Sep 23, 2022 Aug 25, 2022 $0.11 normal
Jun 9, 2022 Jun 24, 2022 Apr 28, 2022 $0.11 normal
Mar 10, 2022 Mar 25, 2022 Feb 24, 2022 $0.1 normal
Dec 16, 2021 Dec 31, 2021 Nov 18, 2021 $0.1 normal
Sep 9, 2021 Sep 24, 2021 Aug 26, 2021 $0.09 normal
Jun 10, 2021 Jun 25, 2021 May 27, 2021 $0.09 normal
Mar 11, 2021 Mar 26, 2021 Feb 25, 2021 $0.08 normal
Dec 16, 2020 Dec 31, 2020 Nov 19, 2020 $0.08 normal
Sep 10, 2020 Sep 25, 2020 Aug 27, 2020 $0.08 normal
Jun 11, 2020 Jun 26, 2020 Apr 23, 2020 $0.08 normal
Mar 12, 2020 Mar 27, 2020 Feb 27, 2020 $0.08 normal
Dec 12, 2019 Dec 27, 2019 Nov 21, 2019 $0.08 normal
Sep 12, 2019 Sep 27, 2019 Aug 22, 2019 $0.08 normal
Jun 13, 2019 Jun 28, 2019 Apr 25, 2019 $0.08 normal
Mar 14, 2019 Mar 29, 2019 Feb 28, 2019 $0.07 normal
Dec 13, 2018 Dec 28, 2018 Nov 29, 2018 $0.07 normal
Sep 13, 2018 Sep 28, 2018 Aug 23, 2018 $0.07 normal
Jun 14, 2018 Jun 29, 2018 Apr 26, 2018 $0.07 normal
Mar 15, 2018 Mar 30, 2018 Feb 22, 2018 $0.06 normal
Dec 14, 2017 Dec 29, 2017 Nov 16, 2017 $0.06 normal
Sep 14, 2017 Sep 29, 2017 Aug 24, 2017 $0.06 normal
Jun 13, 2017 Jun 29, 2017 Apr 27, 2017 $0.06 normal
Mar 15, 2017 Mar 31, 2017 Feb 23, 2017 $0.05 normal
Dec 14, 2016 Dec 30, 2016 Nov 17, 2016 $0.05 normal
Sep 9, 2016 Sep 29, 2016 Aug 25, 2016 $0.045 normal

Unity Bancorp dividend payout ratio

What is Unity Bancorp dividend payout ratio compared to the sector

Payout ratio

UNTY has a payout ratio of 11.6% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 30.1%, Unity Bancorp's payout ratio is 61% lower.

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

UNTY dividend vs peer dividends

How does UNTY dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PKBK Parke Bancorp Inc 3.15% $0.66 19%
UNTY Unity Bancorp Inc 1.61% $0.42 11.6%
PGC Peapack Gladstone Financial Corp 0.56% $0.2 5.9%

Frequently asked questions

Does Unity Bancorp pay a dividend?

Yes, Unity Bancorp has been paying dividends for the last nine years.

When is Unity Bancorp's next dividend?

UNTY hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in December 2022.

When was UNTY's last dividend?

Unity Bancorp's last regular dividend was on Sep 8, 2022 (ex-date) with the amount of $0.11 per share.

How much dividend does Unity Bancorp pay (per share)?

UNTY's annualized dividend per share is $0.42.

What is Unity Bancorp's dividend yield?

Unity Bancorp's current dividend yield is 1.61%.

How often does Unity Bancorp pay dividends?

Unity Bancorp pays four dividends per year.

What is Unity Bancorp's dividend payout ratio?

The dividend payout ratio of Unity Bancorp is 11.6%.

Does Unity Bancorp pay a good dividend?

Unity Bancorp's dividend yield is below the Financial Services sector average.