Unity Bancorp (UNTY) Raises Quarterly Dividend 10% to $0.11; 1.5% Yield

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Go back to Unity Bancorp (UNTY) Raises Quarterly Dividend 10% to $0.11; 1.5% Yield

Unity Bancorp Announces 10% Increase in Second Quarter Cash Dividend, Up 22% from Prior Year

April 28, 2022 8:42 AM EDT

CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per common share. Such dividend is payable on June 24, 2022, to shareholders of record as of June 10, 2022.

This represents an 10% increase from the $0.10 dividend per common share paid in the prior quarter, and a 22% increase from the $0.09 dividend... More