Unity Bancorp Inc. Declares Cash Dividend
Unity Bancorp, Inc., the parent company of Unity Bank, has officially declared a cash dividend of $0.13 per common share. This announcement is particularly significant for investors keen on dividend income. The payment date is set for the end of December, allowing shareholders to enjoy this reward as the year concludes.
Dividend Details and Shareholder Information
Shareholders should note that this dividend will be payable on December 31 to those listed on the company’s records as of December 13. This kind of distribution illustrates Unity Bancorp's commitment to returning value to its shareholders, further solidifying its reputation in the financial services sector.
Understanding Unity Bancorp's Financial Position
Headquartered in Clinton, New Jersey, Unity Bancorp has approximately $2.6 billion in assets and around $2.0 billion in deposits. The company's robust financial profile demonstrates its stability and potential for future growth. Unity Bank, the company’s wholly owned subsidiary, emphasizes providing comprehensive financial services, catering to retail, corporate, and small business sectors.
Wide Network of Branches
Unity Bank serves a diverse clientele via its branch network strategically located across various counties in New Jersey and Pennsylvania. This extensive network enhances its ability to deliver convenient services to customers, thereby strengthening community ties and customer loyalty.
Looking Ahead
The declaration of a cash dividend reflects Unity Bancorp's strategic focus on rewarding shareholders while maintaining a strong financial foundation. Investors can remain optimistic about the company's future outlook and potential growth opportunities. As the financial services landscape continues to evolve, Unity aims to navigate the changing environment effectively.
Company Contact Information
For more inquiries regarding this announcement, media representatives and financial analysts can directly reach out to George Boyan, EVP and Chief Financial Officer, at (908) 713-4565. The company remains open to dialogue with stakeholders, reinforcing transparency and communication.
Frequently Asked Questions
What is the dividend amount declared by Unity Bancorp?
The declared cash dividend is $0.13 per common share.
When will the dividend be paid?
The dividend will be payable on December 31.
Who is eligible for the dividend?
Shareholders on the company’s records as of December 13 will be eligible for the dividend.
Where is Unity Bancorp headquartered?
Unity Bancorp is headquartered in Clinton, New Jersey.
Who should I contact for more information?
For more information, you can contact George Boyan, the CFO, at (908) 713-4565.
