FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 DIVIDEND

On June 29, 2022, First United Corporation (NASDAQ: FUNC) declared a cash dividend of $.15 per share.

(Neutral)

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Rhea-AI Summary

On June 29, 2022, First United Corporation (NASDAQ: FUNC) declared a cash dividend of $.15 per share. This dividend is set to be paid on August 1, 2022, to shareholders recorded as of July 18, 2022. First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company, and operates through various subsidiaries, including finance companies and real estate trusts.

Positive

Declared a cash dividend of $.15 per share for Q3 2022, indicating confidence in financial stability.

Negative

None.

Argus Session date unavailable

+7.20% session move Open Argus

Details

News Market Reaction – FUNC

The recorded move for FUNC in the trading session of this news was +7.20%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

06/29/2022 - 04:53 PM EDT

OAKLAND, Md., June 29, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on August 1, 2022, to holders of record of the Corporation's common stock as of July 18, 2022.

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 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, which was formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland and a 99.9% non-voting membership interest in MCC FUBT Fund, LC, an Ohio limited liability company formed for the purpose of acquiring, developing and operating low-income housing units in Allegany County, Maryland. The Corporation's website is www.mybank.com.

View original content:https://www.prnewswire.com/news-releases/first-united-corporation-announces-third-quarter-2022-dividend-301578324.html

SOURCE First United Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by First United Corporation in June 2022?

First United Corporation declared a cash dividend of $.15 per share.

When is the dividend payable to shareholders for FUNC?

The dividend will be payable on August 1, 2022.

What is the record date for the dividend payment of FUNC?

The record date for the dividend payment is July 18, 2022.

How often does First United Corporation pay dividends?

First United Corporation typically pays dividends quarterly.

FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 DIVIDEND