UNTY Unity Bancorp dividend history, payout ratio & dates
Unity Bancorp's most recent dividend of $0.13 per share was on Sep 6, 2024 (ex-date). The annualized payout of $0.51 per share represents a current dividend yield of 1.11%.
Key dates
- UNTY last dividend date: Sep 6, 2024
UNTY dividend stats
vs. Financial Services sector
Dividend yield
UNTY has a dividend yield of 1.11% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.58%, Unity Bancorp's dividend yield is 57% lower. The current dividend yield is below the historical average of 1.7% of the last 5 years.
Dividend history
Unity Bancorp has a dividend history dating as far as 1997, but when it comes to recent years the company has recorded 11 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 9% for the last year. But since the stock price has gone up by 77% from a year ago, the dividend yield has decreased by 39%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 6, 2024 | $0.13 | 1.59% |
| Jun 7, 2024 | $0.13 | 1.9% |
| Mar 14, 2024 | $0.13 | 1.83% |
| Dec 14, 2023 | $0.12 | 1.74% |
| Sep 7, 2023 | $0.12 | 2.02% |
| Jun 8, 2023 | $0.12 | 1.91% |
| Mar 9, 2023 | $0.12 | 1.81% |
| Dec 15, 2022 | $0.11 | 1.61% |
| Sep 8, 2022 | $0.11 | 1.53% |
| Jun 9, 2022 | $0.11 | 1.42% |
| Mar 10, 2022 | $0.1 | 1.37% |
| Dec 16, 2021 | $0.1 | 1.4% |
| Sep 9, 2021 | $0.09 | 1.49% |
| Jun 10, 2021 | $0.09 | 1.46% |
| Mar 11, 2021 | $0.08 | 1.45% |
| Dec 16, 2020 | $0.08 | 1.79% |
| Sep 10, 2020 | $0.08 | 2.6% |
| Jun 11, 2020 | $0.08 | 2.31% |
| Mar 12, 2020 | $0.08 | 2.15% |
| Dec 12, 2019 | $0.08 | 1.33% |
| Sep 12, 2019 | $0.08 | 1.44% |
| Jun 13, 2019 | $0.08 | 1.39% |
| Mar 14, 2019 | $0.07 | 1.34% |
| Dec 13, 2018 | $0.07 | 1.3% |
| Sep 13, 2018 | $0.07 | 1.09% |
| Jun 14, 2018 | $0.07 | 1.13% |
| Mar 15, 2018 | $0.06 | 1.06% |
| Dec 14, 2017 | $0.06 | 1.14% |
| Sep 14, 2017 | $0.06 | 1.21% |
| Jun 13, 2017 | $0.06 | 1.26% |
| Mar 15, 2017 | $0.05 | 1.08% |
| Dec 14, 2016 | $0.05 | 1.15% |
| Sep 9, 2016 | $0.046 | 1.31% |
| Jun 14, 2016 | $0.036 | 1.28% |
| Mar 15, 2016 | $0.036 | 1.38% |
| Dec 11, 2015 | $0.036 | 1.29% |
| Sep 11, 2015 | $0.036 | 1.34% |
| Jun 11, 2015 | $0.027 | 1.29% |
| Mar 12, 2015 | $0.027 | 1.2% |
Unity Bancorp dividend payout ratio
Payout ratio
UNTY has a payout ratio of 12.9% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 44%, Unity Bancorp's payout ratio is 71% lower.
Total amount of dividends paid per financial year (from cash flow)
UNTY dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PKBK Parke Bancorp Inc | 3.13% | $0.72 | 30.5% |
| UNTY Unity Bancorp Inc | 1.11% | $0.51 | 12.9% |
| TBNK Territorial Bancorp Inc | 0.74% | $0.08 | N/A |
| PGC Peapack Gladstone Financial Corp | 0.56% | $0.2 | 10.9% |
Frequently asked questions
Does Unity Bancorp pay a dividend?
Yes, Unity Bancorp has been paying dividends for the last 11 years.
When was UNTY's last dividend?
Unity Bancorp's last regular dividend was on Sep 6, 2024 (ex-date) with the amount of $0.13 per share.
How much dividend does Unity Bancorp pay (per share)?
UNTY's annualized dividend per share is $0.51.
What is Unity Bancorp's dividend yield?
Unity Bancorp's current dividend yield is 1.11%.
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 12.9%.
Does Unity Bancorp pay a good dividend?
Unity Bancorp's dividend yield is below the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.