Unity Bancorp Declares Cash Dividend
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.09 per share, scheduled for payment on June 25, 2021, to shareholders of record as of June 11, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.09 per share, scheduled for payment on June 25, 2021, to shareholders of record as of June 11, 2021. The company, headquartered in Clinton, NJ, manages approximately $2.0 billion in assets and $1.6 billion in deposits. Its wholly-owned subsidiary, Unity Bank, serves retail and corporate clients across 19 locations in New Jersey and Pennsylvania. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.
Positive
- Declared a cash dividend of $0.09 per share.
- Dividend payment reflects commitment to shareholder value.
- Strong asset base of approximately $2.0 billion.
Negative
- Risks related to general economic conditions and trends in interest rates.
- Potential impact of COVID-19 on operations and customer relations.
Details
News Market Reaction – UNTY
The recorded move for UNTY in the trading session of this news was +0.92%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLINTON, N.J., May 27, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of
Unity Bancorp, Inc. is a financial service 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 and 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, and results of regulatory exams, and the impact of COVID-19 on the Bank, its employees and customers, among other factors.
News Media & Financial Analyst Contact:
George Boyan
EVP & Chief Financial Officer
(908) 713-4565
FAQ
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