FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2024 DIVIDEND

Rhea-AI Summary

First United (NASDAQ: FUNC) announced that its Board of Directors has declared a cash dividend of $0.20 per share for the third quarter of 2024.

This dividend will be payable on August 1, 2024, to shareholders of record as of July 18, 2024.

Positive

• Board of Directors declared a cash dividend of $0.20 per share.
• Dividend payable on August 1, 2024.
• Record date for dividend is July 18, 2024.

Negative

• None.

News Market Reaction – FUNC

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-0.61% Session move

In the trading session that priced this news, FUNC declined 0.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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OAKLAND, Md., June 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2024, to holders of record of the Corporation's common stock as of July 18, 2024. 

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-2024-dividend-302177869.html

SOURCE First United Corporation

FAQ

What is the dividend amount announced by First United for Q3 2024?

First United announced a dividend of $0.20 per share for the third quarter of 2024.

When will First United pay the Q3 2024 dividend?

The Q3 2024 dividend will be payable on August 1, 2024.

What is the record date for First United 's Q3 2024 dividend?

The record date for the Q3 2024 dividend is July 18, 2024.

What is the stock symbol for First United ?

The stock symbol for First United is FUNC.