Unity Bancorp Inc. Declares Cash Dividend
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, has declared a cash dividend of $0.13 per common share.
Sentiment and the balance of points
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Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, has declared a cash dividend of $0.13 per common share. The dividend will be payable on September 20, 2024, to shareholders of record as of September 6, 2024. Unity Bancorp is a financial services organization based in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank provides financial services to retail, corporate, and small business customers through its branch network in New Jersey and Pennsylvania.
Positive
- Declared cash dividend of $0.13 per common share
- Assets of approximately $2.6 billion
- Deposits of approximately $2.0 billion
- Extensive branch network across multiple counties in New Jersey and Pennsylvania
Negative
- None.
Details
News Market Reaction – UNTY
The recorded move for UNTY in the trading session of this news was +2.17%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLINTON, N.J., Aug. 15, 2024 (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 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 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, results of regulatory exams, the impacts of any health crisis or natural disaster, its employees and customers, among other factors.
News Media & Financial Analyst Contact:
George Boyan
EVP and Chief Financial Officer
(908) 713-4565
FAQ
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