First United Corp (FUNC) to Issue Quarterly Dividend of $0.09 on May 2nd

First United Corp (NASDAQ:FUNC) declared a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.09 per share by the bank on Wednesday, May 2nd. This represents a $0.36 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, April 13th.

NASDAQ:FUNC opened at $19.70 on Friday. The company has a market cap of $139.23, a PE ratio of 18.41 and a beta of 0.26. First United has a 52 week low of $13.80 and a 52 week high of $20.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.89 and a quick ratio of 0.89.

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First United (NASDAQ:FUNC) last posted its earnings results on Friday, March 9th. The bank reported $0.30 EPS for the quarter. The company had revenue of $13.85 million during the quarter. First United had a return on equity of 7.83% and a net margin of 8.61%.

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About First United

First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank), First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It operates through community banking segment.

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