Unity Bancorp's most recent quarterly dividend of $0.13 per share was on Mar 14, 2024 (ex-date). The annualized payout of $0.49 per share represents a current dividend yield of 1.8%. The latest UNTY distribution of $0.13 marks a dividend growth of 8%.
UNTY has a dividend yield of 1.8% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.41%, Unity Bancorp's dividend yield is 47% lower. The current dividend yield is above the historical average of 1.7% of the last 5 years.
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 20% from a year ago, the dividend yield has decreased by 9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Mar 29, 2024 | Feb 22, 2024 | $0.13 | normal |
| Dec 14, 2023 | Dec 29, 2023 | Nov 16, 2023 | $0.12 | normal |
| Sep 7, 2023 | Sep 22, 2023 | Aug 17, 2023 | $0.12 | normal |
| Jun 8, 2023 | Jun 23, 2023 | Apr 27, 2023 | $0.12 | normal |
| Mar 9, 2023 | Mar 24, 2023 | Feb 16, 2023 | $0.12 | normal |
| Dec 15, 2022 | Dec 30, 2022 | Nov 17, 2022 | $0.11 | normal |
| 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 |
UNTY has a payout ratio of 12.6% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.6%, Unity Bancorp's payout ratio is 68% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PKBK Parke Bancorp Inc | 4.37% | $0.72 | 30.3% |
| UNTY Unity Bancorp Inc | 1.78% | $0.49 | 12.6% |
| PGC Peapack Gladstone Financial Corp | 0.87% | $0.2 | 7.3% |
Yes, Unity Bancorp has been paying dividends for the last 11 years.
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 June 2024.
Unity Bancorp's last regular dividend was on Mar 14, 2024 (ex-date) with the amount of $0.13 per share.
UNTY's annualized dividend per share is $0.49.
Unity Bancorp's current dividend yield is 1.8%.
Unity Bancorp pays four dividends per year.
The dividend payout ratio of Unity Bancorp is 12.6%.
Unity Bancorp's dividend yield is below the Financial Services sector average.