First United Corporation Announces Fourth Quarter 2020 Dividend
First United Corporation (NASDAQ: FUNC) has declared a cash dividend of $.13 per share, payable on November 2, 2020.
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 declared a cash dividend of $.13 per share, payable on November 2, 2020. Shareholders on record as of October 16, 2020 will receive this payment, reflecting the company’s ongoing commitment to returning value to its shareholders. The company, based in Maryland, operates through its banking subsidiary and various finance companies.
Positive
- Declared a cash dividend of $.13 per share to enhance shareholder income.
Negative
- None.
Details
News Market Reaction – FUNC
The recorded move for FUNC in the trading session of this news was +1.40%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OAKLAND, Md., Sept. 24, 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 November 2, 2020 to holders of record of the Corporation's common stock as of October 16, 2020.
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-fourth-quarter-2020-dividend-301137887.html
SOURCE First United Corporation
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