©Reuters.
OAKLAND, Maryland – First United Corporation (NASDAQ: FUNC), a financial services provider, announced a cash dividend of $0.20 per share, scheduled to be paid on May 1, 2024. Shareholders of record as of 17 April 2024 be entitled to the dividend.
As the parent company of First United Bank & Trust, First United Corporation operates through various subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, which are holding companies. It also holds interests in entities such as First OREO Trust and FUBT OREO I, LLC, which are involved in the management of real estate obtained through foreclosure.
Additionally, the company has significant interests in partnerships focused on low-income housing in Maryland.
This dividend declaration reflects the company’s financial activities and commitment to providing returns to its shareholders. The announcement is based on a press release from First United Corporation.
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