First United Corporation Announces First Quarter 2021 Dividend
First United Corporation (NASDAQ: FUNC) has announced a cash dividend of $.13 per share, set to be paid on February 1, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
First United Corporation (NASDAQ: FUNC) has announced a cash dividend of $.13 per share, set to be paid on February 1, 2021. To qualify, investors must be holders of record as of January 15, 2021. This decision reflects the company's commitment to returning value to shareholders amidst its financial operations.
As the parent company of First United Bank & Trust, First United Corporation operates various subsidiaries, enhancing its portfolio in the banking and finance sector.
Positive
- Declared a cash dividend of $.13 per share
- Dividend payment date is February 1, 2021
- Commitment to return value to shareholders
Negative
- None.
Details
News Market Reaction – FUNC
The recorded move for FUNC in the trading session of this news was +5.95%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OAKLAND, Md., Dec. 17, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on February 1, 2021 to holders of record of the Corporation's common stock as of January 15, 2021.
About First United Corporation
First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disposing of the real estate that the Bank acquires through foreclosure or by deed in lieu of foreclosure. The Bank also owns
View original content:http://www.prnewswire.com/news-releases/first-united-corporation-announces-first-quarter-2021-dividend-301195601.html
SOURCE First United Corporation
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