First United Corporation Announces Quarterly Dividend of $0.26 (NASDAQ:FUNC)

First United Corporation (NASDAQ:FUNC) announced a quarterly dividend on Wednesday, March 4th. Stockholders of record on Friday, April 17th will be given a dividend of 0.26 per share by the bank on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 17th.

First United has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. First United has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First United to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 24.8%.

First United Stock Down 0.7%

Shares of FUNC traded down $0.25 on Friday, hitting $35.75. 10,433 shares of the stock traded hands, compared to its average volume of 15,646. First United has a one year low of $24.66 and a one year high of $41.94. The company has a market capitalization of $232.38 million, a PE ratio of 9.48 and a beta of 0.54. The business has a 50 day simple moving average of $37.58 and a 200 day simple moving average of $37.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 0.93.

First United (NASDAQ:FUNC) last issued its earnings results on Wednesday, February 4th. The bank reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. First United had a return on equity of 13.55% and a net margin of 20.19%.The business had revenue of $23.50 million for the quarter, compared to the consensus estimate of $22.80 million. As a group, equities analysts forecast that First United will post 3.75 earnings per share for the current fiscal year.

About First United

First United Corporation is a bank holding company that, through its subsidiary First United Bank & Trust, provides a full suite of commercial and consumer banking services to individuals, businesses, and agricultural customers across central Oklahoma. The company offers deposit accounts such as checking, savings, money market and time deposits, alongside a variety of lending solutions covering commercial real estate, construction, agricultural and consumer loans.

In addition to traditional banking products, First United delivers treasury management and cash management solutions designed to streamline client operations, as well as online and mobile banking platforms for account access and payments.