First United Corporation (FUNC) To Go Ex-Dividend on April 17th

First United Corporation (NASDAQ:FUNC) announced a quarterly dividend on Wednesday, March 4th. Shareholders of record on Friday, April 17th will be paid a dividend of 0.26 per share by the bank on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 17th.

First United has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. First United has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First United to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 24.8%.

First United Stock Down 0.4%

NASDAQ:FUNC traded down $0.14 during mid-day trading on Friday, reaching $35.86. The stock had a trading volume of 20,106 shares, compared to its average volume of 15,961. The stock has a market cap of $233.09 million, a P/E ratio of 9.51 and a beta of 0.54. The business’s 50 day moving average is $37.58 and its 200 day moving average is $37.22. First United has a fifty-two week low of $24.66 and a fifty-two week high of $41.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.93 and a quick ratio of 0.93.

First United (NASDAQ:FUNC) last released its earnings results on Wednesday, February 4th. The bank reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. First United had a return on equity of 13.55% and a net margin of 20.19%.The business had revenue of $23.50 million for the quarter, compared to the consensus estimate of $22.80 million. As a group, sell-side analysts predict that First United will post 3.75 earnings per share for the current year.

About First United

First United Corporation is a bank holding company that, through its subsidiary First United Bank & Trust, provides a full suite of commercial and consumer banking services to individuals, businesses, and agricultural customers across central Oklahoma. The company offers deposit accounts such as checking, savings, money market and time deposits, alongside a variety of lending solutions covering commercial real estate, construction, agricultural and consumer loans.

In addition to traditional banking products, First United delivers treasury management and cash management solutions designed to streamline client operations, as well as online and mobile banking platforms for account access and payments.