First United (FUNC) Declares $.09 Quarterly Dividend; 1.8% Yield

First United (NASDAQ: FUNC) declared a quarterly dividend of $.09 per share, or $0.36 annualized.

The dividend will be payable on May 2, 2018, to stockholders of record on April 16, 2018, with an ex-dividend date of April 13, 2018.

The annual yield on the dividend is 1.8 percent.

According to Carissa L. Rodeheaver, Chairman of the Board, President and Chief Executive Officer, "The Board of Directors and the management team are pleased to resume payment of our common stock dividend to our loyal and dedicated shareholder base. As our income and financial position has improved, we are anxious to increase the return on investment for our shareholders through the payment of a dividend. It is our intention to maintain the dividend at this level for the foreseeable future provided that our financial position continues to support its payment. We sincerely thank our shareholders for their support and look forward to continued growth in First United Corporation."

For a dividend history and other dividend-related data on First United (FUNC) click here.

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