OAKLAND, Md. - First United Corporation (NASDAQ: FUNC), a financial services provider, announced a cash dividend of $.20 per share, scheduled for payment on May 1, 2024. Shareholders on record as of April 17, 2024, will be eligible for 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 finance companies. It also holds interests in entities such as First OREO Trust and FUBT OREO I, LLC, involved in managing real estate obtained through foreclosure.
In addition, the corporation 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 statement from First United Corporation.
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