First United Corp (FUNC) to Issue Quarterly Dividend of $0.09 on August 1st

First United Corp (NASDAQ:FUNC) declared a quarterly dividend on Wednesday, June 19th, Zacks reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.09 per share by the bank on Thursday, August 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 16th.

Shares of NASDAQ FUNC opened at $19.73 on Friday. The stock has a fifty day moving average price of $18.85. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $139.87 million, a PE ratio of 12.33 and a beta of 0.81. First United has a 1 year low of $14.75 and a 1 year high of $20.95.

Separately, ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

About First United

First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Dividend History for First United (NASDAQ:FUNC)

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