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CLINTON, N.J. - Unity Bancorp, Inc. (NASDAQ:UNTY), the parent company of Unity Bank, announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share. The $484.5 million market cap bank has maintained dividend payments for 13 consecutive years, according to InvestingPro data.
The dividend will be payable on September 19, 2025, to shareholders of record as of September 5, 2025.
"The increase in our quarterly dividend reflects our continued confidence on Unity Bancorp’s earnings strength and long-term growth trajectory," said James A. Hughes, President and CEO of Unity Bancorp, Inc.
Unity Bank operates with approximately $2.9 billion in assets and $2.2 billion in deposits. The financial services organization maintains branch networks across eight counties in New Jersey and one county in Pennsylvania.
The company provides banking services to retail, corporate, and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania.
The dividend announcement was made in a company press release issued Thursday.
In other recent news, Unity Bancorp, Inc. has declared a cash dividend of $0.14 per common share. This dividend is set to be paid on June 20, 2025, to shareholders who are on record as of June 6, 2025. The company, based in Clinton, New Jersey, reported holding assets totaling approximately $2.8 billion. Unity Bancorp also noted that its deposits currently amount to $2.2 billion. These recent developments reflect the company’s ongoing financial activities. Unity Bank operates a network of branches that serve retail, corporate, and small business clients across several counties in New Jersey and Northampton County, Pennsylvania. The bank offers a range of financial services tailored to its customers’ needs.
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