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 2024-12-31. Ex dividend date: 2024-12-13
• Unity Bancorp annual dividend for 2024 was $0.52
• Unity Bancorp annual dividend for 2023 was $0.48
• Unity Bancorp's trailing twelve-month (TTM) dividend yield is 1.09%
• Unity Bancorp's payout ratio for the trailing twelve months (TTM) is 12.41%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.13 | quarterly | 2024-12-31 |
2024-09-06 | $0.13 | quarterly | 2024-09-20 |
2024-06-07 | $0.13 | quarterly | 2024-06-21 |
2024-03-14 | $0.13 | quarterly | 2024-03-29 |
2023-12-14 | $0.12 | quarterly | 2023-12-29 |
2023-09-07 | $0.12 | quarterly | 2023-09-22 |
2023-06-08 | $0.12 | quarterly | 2023-06-23 |
2023-03-09 | $0.12 | quarterly | 2023-03-24 |
2022-12-15 | $0.11 | quarterly | 2022-12-30 |
2022-09-08 | $0.11 | quarterly | 2022-09-23 |
2022-06-09 | $0.11 | quarterly | 2022-06-24 |
2022-03-10 | $0.10 | quarterly | 2022-03-25 |
2021-12-16 | $0.10 | quarterly | 2021-12-31 |
2021-09-09 | $0.09 | quarterly | 2021-09-24 |
2021-06-10 | $0.09 | quarterly | 2021-06-25 |
2021-03-11 | $0.08 | quarterly | 2021-03-26 |
2020-12-16 | $0.08 | quarterly | 2020-12-31 |
2020-09-10 | $0.08 | quarterly | 2020-09-25 |
2020-06-11 | $0.08 | quarterly | 2020-06-26 |
2020-03-12 | $0.08 | quarterly | 2020-03-27 |
2019-12-12 | $0.08 | quarterly | 2019-12-27 |
2019-09-12 | $0.08 | quarterly | 2019-09-27 |
2019-06-13 | $0.08 | quarterly | 2019-06-28 |
2019-03-14 | $0.07 | quarterly | 2019-03-29 |
2018-12-13 | $0.07 | quarterly | 2018-12-28 |
2018-09-13 | $0.07 | quarterly | 2018-09-28 |
2018-06-14 | $0.07 | quarterly | 2018-06-29 |
2018-03-15 | $0.06 | quarterly | 2018-03-30 |
2017-12-14 | $0.06 | quarterly | 2017-12-29 |
2017-09-14 | $0.06 | quarterly | 2017-09-29 |
2017-06-13 | $0.06 | quarterly | 2017-06-29 |
2017-03-15 | $0.05 | quarterly | 2017-03-31 |
2016-12-14 | $0.05 | quarterly | 2016-12-30 |
2016-09-09 | $0.05 | quarterly | 2016-09-29 |
2016-06-14 | $0.04 | quarterly | 2016-06-30 |
2016-03-15 | $0.04 | quarterly | 2016-03-31 |
2015-12-11 | $0.04 | quarterly | 2015-12-30 |
2015-09-11 | $0.04 | quarterly | 2015-09-30 |
2015-06-11 | $0.03 | quarterly | 2015-06-30 |
2015-03-12 | $0.03 | quarterly | 2015-03-31 |
2014-12-04 | $0.03 | quarterly | 2014-12-19 |
2014-09-10 | $0.03 | quarterly | 2014-09-26 |
2014-06-11 | $0.02 | quarterly | 2014-06-27 |
2014-03-13 | $0.02 | quarterly | 2014-03-31 |
2013-12-12 | $0.01 | quarterly | 2013-12-30 |
2013-09-12 | $0.01 | quarterly | 2013-09-30 |
2013-06-13 | $0.01 | quarterly | 2013-06-28 |
Unity Bancorp Dividend per year
Unity Bancorp Dividend growth
Unity Bancorp Dividend Yield
Unity Bancorp current trailing twelve-month (TTM) dividend yield is 1.09%. Interested in purchasing Unity Bancorp stock? Use our calculator to estimate your expected dividend yield:
Unity Bancorp Financial Ratios
Unity Bancorp Dividend FAQ
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.
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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.
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.
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.