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First United Corporation (FUNC) declares $.26 cash dividend payable August 3, 2026

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

First United Corporation reported that its Board of Directors declared a cash dividend of $.26 per share on its common stock. The dividend will be paid on August 3, 2026 to shareholders who are holders of record as of the close of business on July 20, 2026.

The company is the parent of First United Bank & Trust and operates banking, finance, and low-income housing-related entities in Maryland and Ohio through various subsidiaries and partnership interests.

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Insights

First United declares a routine cash dividend of $.26 per share.

First United Corporation declared a cash dividend of $.26 per share on its common stock, with a record date of July 20, 2026 and payment on August 3, 2026. This represents a direct cash return to shareholders.

The disclosure does not compare this dividend to prior periods or link it to earnings or capital ratios, so its impact on the broader investment thesis is limited. It signals continued willingness to distribute cash but without quantified growth or change context.

The economic effect for each investor depends on individual shareholdings as of the record date. Future company filings may provide additional context on payout sustainability, earnings coverage, and how this level of dividend fits within the bank’s overall capital management strategy.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Cash dividend per share $.26 per share Declared by Board of Directors on common stock
Dividend record date July 20, 2026 Holders of record on this date receive dividend
Dividend payment date August 3, 2026 Scheduled payment date for $.26 dividend
cash dividend financial
"its Board of Directors declared a cash dividend of $.26 per share"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
holders of record financial
"to holders of record of the Corporation’s common stock as of the close of business"
Names listed on a company’s official register at a specific cut-off date who are legally entitled to receive dividends, vote on corporate matters, or participate in other shareholder actions. Think of it like a guest list for an event: only those on the list at the snapshot time get the invitation or benefits, so investors watch the record date to know whether they will receive payouts or voting rights for a given corporate action.
limited partnership interests financial
"owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
low-income housing units financial
"formed for the purpose of acquiring, developing and operating low-income housing units"

FAQ

What dividend did First United Corporation (FUNC) declare for third quarter 2026?
First United Corporation declared a cash dividend of $.26 per share on its common stock. This dividend reflects the amount shareholders will receive per share for the specified period, as approved by the company’s Board of Directors.

When is the record date for First United Corporation’s $.26 per share dividend?
The record date for First United Corporation’s $.26 per share dividend is July 20, 2026. Shareholders who are holders of record at the close of business on that date will be entitled to receive the dividend payment.

When will First United Corporation (FUNC) pay its declared $.26 cash dividend?
First United Corporation will pay the declared $.26 per share cash dividend on August 3, 2026. Eligible shareholders are those recorded as holders of the company’s common stock at the close of business on July 20, 2026.

Which stock of First United Corporation is receiving the $.26 dividend?
The $.26 cash dividend applies to First United Corporation’s common stock. Holders of record of this common stock as of the close of business on July 20, 2026, will receive the dividend payment on August 3, 2026.

On which exchange is First United Corporation (FUNC) common stock listed?
First United Corporation’s common stock trades on the Nasdaq Stock Market under the symbol FUNC. Investors holding these shares as of the specified record date will be eligible to receive the announced $.26 per share cash dividend.

What businesses does First United Corporation operate through its subsidiaries?
First United Corporation operates as the parent of First United Bank & Trust and several subsidiaries involved in finance and real estate. These include loan centers and entities focused on acquiring, developing, and operating low-income housing units in Maryland and Ohio.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): June 17, 2026

 

First United Corporation

(Exact name of registrant as specified in its charter)

 

Maryland   0-14237   52-1380770
(State or other jurisdiction of   (Commission file number)   (IRS Employer
incorporation or organization)       Identification No.)

 

19 South Second Street, Oakland, Maryland 21550

(Address of principal executive offices) (Zip Code)

 

(301) 334-9471

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbols Name of each exchange on which registered
Common Stock FUNC Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Item 8.01. Other Events.

 

On June 17, 2026, First United Corporation (the “Corporation”) announced that its Board of Directors declared a cash dividend of $.26 per share that will be paid on August 3, 2026, to holders of record of the Corporation’s common stock as of the close of business on July 20, 2026. A copy of the Corporation’s announcement is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)  Exhibits.

 

The exhibits filed or furnished with this report are listed in the following Exhibit Index:

 

Exhibit No.   Description
99.1   Press release dated June 17, 2026 (filed herewith)
104   Cover page interactive data file (embedded within the iXBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FIRST UNITED CORPORATION
       
Dated: June 18, 2026 By: /s/ Tonya K. Sturm
      Tonya K. Sturm
      Executive Vice President & CFO

 

 

 

 

Exhibit 99.1

 

FIRST UNITED CORPORATION

ANNOUNCES THIRD QUARTER 2026 DIVIDEND

 

Oakland, Maryland, June 17, 2026 – First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.26 per share that will be paid on August 3, 2026, to holders of record of the Corporation’s common stock as of the close of business on July 20, 2026.

 

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 which was 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.

 

 

 

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents