Unity Bancorp (UNTY) Raises Quarterly Dividend 25% to $0.05; 1.6% Yield

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Go back to Unity Bancorp (UNTY) Raises Quarterly Dividend 25% to $0.05; 1.6% Yield

Unity Bancorp Declares 25% Increase in Cash Dividend and a 10% Stock Dividend

August 26, 2016 9:00 AM EDT

CLINTON, N.J., Aug. 26, 2016 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a 25 percent increase in its cash dividend from $0.04 per common share to $0.05 per common share.  Such dividend is payable on September 29, 2016, to shareholders of record as of September 13, 2016.

In addition the Board of Directors declared a 10 percent stock dividend payable on September 30, 2016 to shareholders of record as of September 15,... More