Unity Bancorp Announces 6% Increase in Third Quarter Dividend
Rhea-AI Summary
Unity Bancorp (NASDAQ: UNTY) announced that its Board declared a quarterly cash dividend of $0.17 per common share, a 6% increase. The dividend will be paid on September 17, 2026 to shareholders of record as of September 3, 2026. Unity reports approximately $3.2 billion in assets and $2.5 billion in deposits.
Positive
- Quarterly dividend increased 6% to $0.17 per share
- Dividend payment scheduled for September 17, 2026, offering near-term cash return to shareholders
Negative
- None.
News Explained
The declaration adds a scheduled cash distribution to common holders; June 30 cash equaled 581.4 days of latest-quarter operating cash use.
Unity Bancorp has declared a cash distribution that is scheduled for
As of
Sources and calculations
- Unity Bancorp third-quarter dividend announcement (2026-08-20)
- Unity Bancorp second-quarter fundamentals (2026-06-30)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $250,321,000 / ($38,748,000 / 90) = [object Object]
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLINTON, N.J., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of
“The increase in our quarterly cash dividend reflects the strength of Unity Bancorp’s financial performance, disciplined balance sheet management, and our continued commitment to delivering consistent value to our shareholders. We remain focused on maintaining a strong capital position while supporting sustainable growth and serving the communities in which we operate.” – James A. Hughes, CEO of Unity Bancorp, Inc.
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.
News Media & Financial Analyst Contact:
James Davies
FSVP and Chief Financial Officer
(908) 713-4330
