First United Corporation (FUNC) hikes dividend by 7.7%
First United Corporation (FUNC) raised its quarterly dividend by 7.7% to $0.28 per share on September 23, 2026. The increase extends the company's dividend growth streak to eight consecutive years.
The new quarterly payout brings First United's annualized dividend to $1.12 per share. At a share price of $43.29, FUNC has a dividend yield of approximately 2.6%. The ex-dividend date is October 19, 2026.
The 7.7% increase represents a slowdown from the double-digit dividend growth First United delivered in each of the previous five years. FUNC raised its dividend by 18.2% in 2025, 10.0% in 2024, 11.1% in 2023, 20.0% in 2022 and 15.4% in 2021.
Despite the slower increase in 2026, First United has now raised its annual dividend for eight consecutive years.
First United Corporation is the holding company for First United Bank & Trust, providing banking and financial services to individuals and businesses primarily in Maryland and West Virginia.
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