Unity Bancorp, Inc. announced on February 27, 2025, that its Board of Directors has declared a cash dividend of $0.14 per common share. This dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025.
The new dividend represents an 8% increase from the $0.13 dividend per common share paid in the prior quarter. This decision reflects the company's robust financial health and management's confidence in its growth and earnings outlook.
James A. Hughes, President & CEO of Unity Bank, stated that the consistent increase in dividend payout is a testament to the company's strong financial position and its commitment to delivering shareholder returns while maintaining a prudent capital position.
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