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Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. the company offered its services through the Internet and nineteen branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.

Unity Bancorp Dividend Announcement

Unity Bancorp announced a quarterly dividend of $0.13 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-06
Unity Bancorp annual dividend for 2024 was $0.39
Unity Bancorp annual dividend for 2023 was $0.48
Unity Bancorp's trailing twelve-month (TTM) dividend yield is 1.63%
Unity Bancorp's payout ratio for the trailing twelve months (TTM) is 12.21%
Unity Bancorp's dividend growth over the last five years (2018-2023) was 12.20% year
Unity Bancorp's dividend growth over the last ten years (2013-2023) was 31.95% year

Unity Bancorp Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-06$0.13quarterly2024-09-20
2024-06-07$0.13quarterly2024-06-21
2024-03-14$0.13quarterly2024-03-29
2023-12-14$0.12quarterly2023-12-29
2023-09-07$0.12quarterly2023-09-22
2023-06-08$0.12quarterly2023-06-23
2023-03-09$0.12quarterly2023-03-24
2022-12-15$0.11quarterly2022-12-30
2022-09-08$0.11quarterly2022-09-23
2022-06-09$0.11quarterly2022-06-24
2022-03-10$0.10quarterly2022-03-25
2021-12-16$0.10quarterly2021-12-31
2021-09-09$0.09quarterly2021-09-24
2021-06-10$0.09quarterly2021-06-25
2021-03-11$0.08quarterly2021-03-26
2020-12-16$0.08quarterly2020-12-31
2020-09-10$0.08quarterly2020-09-25
2020-06-11$0.08quarterly2020-06-26
2020-03-12$0.08quarterly2020-03-27
2019-12-12$0.08quarterly2019-12-27
2019-09-12$0.08quarterly2019-09-27
2019-06-13$0.08quarterly2019-06-28
2019-03-14$0.07quarterly2019-03-29
2018-12-13$0.07quarterly2018-12-28
2018-09-13$0.07quarterly2018-09-28
2018-06-14$0.07quarterly2018-06-29
2018-03-15$0.06quarterly2018-03-30
2017-12-14$0.06quarterly2017-12-29
2017-09-14$0.06quarterly2017-09-29
2017-06-13$0.06quarterly2017-06-29
2017-03-15$0.05quarterly2017-03-31
2016-12-14$0.05quarterly2016-12-30
2016-09-09$0.05quarterly2016-09-29
2016-06-14$0.04quarterly2016-06-30
2016-03-15$0.04quarterly2016-03-31
2015-12-11$0.04quarterly2015-12-30
2015-09-11$0.04quarterly2015-09-30
2015-06-11$0.03quarterly2015-06-30
2015-03-12$0.03quarterly2015-03-31
2014-12-04$0.03quarterly2014-12-19
2014-09-10$0.03quarterly2014-09-26
2014-06-11$0.02quarterly2014-06-27
2014-03-13$0.02quarterly2014-03-31
2013-12-12$0.01quarterly2013-12-30
2013-09-12$0.01quarterly2013-09-30
2013-06-13$0.01quarterly2013-06-28

Unity Bancorp Dividend per year

Unity Bancorp Dividend growth

Unity Bancorp Dividend Yield

Unity Bancorp current trailing twelve-month (TTM) dividend yield is 1.63%. Interested in purchasing Unity Bancorp stock? Use our calculator to estimate your expected dividend yield:

Unity Bancorp Financial Ratios

P/E ratio9.85
PEG ratio1.71
P/B ratio1.38
ROE14.63%
Payout ratio12.21%
Current ratio0.28
Quick ratio0.28
Cash Ratio0.00

Unity Bancorp Dividend FAQ

How much is the next Unity Bancorp dividend?
Unity Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Unity Bancorp dividend. The next Unity Bancorp dividend will be released in March, June, September, or December.
When is Unity Bancorp dividend paid?
Unity Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Unity Bancorp pay?
The specific amount of Unity Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Unity Bancorp's dividend history.
Does Unity Bancorp stock pay dividends?
Yes, Unity Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Unity Bancorp's dividend history.
How much dividend does Unity Bancorp pay?
Unity Bancorp paid $0.39 in 2024, $0.48 in 2023, $0.43 in 2022, $0.36 in 2021, and $0.32 in 2020.
How often does Unity Bancorp pay dividends?
Unity Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Unity Bancorp's dividend yield?
The current dividend yield for Unity Bancorp is 1.63%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Unity Bancorp's exact dividend yield.
When does Unity Bancorp go ex dividend?
Unity Bancorp's ex-dividend date for the latest dividend was on 2024-09-06. Unity Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Unity Bancorp dividend paid?
Unity Bancorp pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Unity Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Unity Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Unity Bancorp dividend per share?
Unity Bancorp paid $0.39 per share in 2024 and $0.48 per share in 2023. The amount of dividend per share that Unity Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Unity Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Unity Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Unity Bancorp a dividend stock?
Yes, Unity Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Unity Bancorp a good dividend stock?
Whether Unity Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Unity Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Unity Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Unity Bancorp pay dividends monthly?
Unity Bancorp typically pays dividends on a quarterly basis.
Does Unity Bancorp pay dividends quarterly?
Unity Bancorp currently pays dividends on a quarterly basis.
Has Unity Bancorp ever paid a dividend?
Yes, Unity Bancorp has a history of paying dividends to its shareholders. Unity Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Unity Bancorp dividend stocks?
To buy Unity Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Unity Bancorp stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Unity Bancorp pay dividends 2024?
Unity Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-20. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Unity Bancorp increase its dividend in 2024?
Decisions regarding Unity Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Unity Bancorp dividend overview you can look into the above table of dividend history.
How Unity Bancorp dividend works?
The Unity Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Unity Bancorp's dividend process works:

1. Determination of Dividend: Unity Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Unity Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Unity Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Unity Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Unity Bancorp dividends paid?
Unity Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Unity Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Unity Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Unity Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Unity Bancorp pay dividends?
Unity Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Unity Bancorp pay dividends?
The general pattern is that Unity Bancorp pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Unity Bancorp dividend safe?
The safety of Unity Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Unity Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Unity Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.