First United Corporation Declares Cash Dividend for Q1 2026

First United Corporation, listed on NASDAQ as FUNC, has made headlines by declaring a cash dividend of $0.26 per share, effective for the first quarter of 2026. This decision was formalized during a recent meeting of the Board of Directors, reflecting the Corporation's robust financial health and commitment to returning value to its shareholders.

Dividend Details

The announced dividend is slated to be paid out on February 2, 2026. The eligibility criteria for receiving this dividend states that stockholders must be on record by the close of business on January 16, 2026. This payout demonstrates First United Corporation’s intention to reward those who invest in its common stock, further solidifying its reputation in the financial sector.

About First United Corporation

First United Corporation serves as the parent company for First United Bank and Trust, a trust company based in Maryland with comprehensive commercial banking capabilities. Beyond traditional banking services, the Corporation manages various wholly-owned subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC. These entities contribute significantly to the corporation's financial portfolio by providing specialized financial services.

Additionally, First United Corporation has established First OREO Trust, which deals with real estate acquired through foreclosure or similar means. This trust enables the company to manage its assets actively and ensure better returns on properties that come into its possession.

The Corporation holds a substantial 99.9% stake in both Liberty Mews Limited Partnership and MCC FUBT Fund, LC. These partnerships focus on developing and sustaining low-income housing in Garrett County and Allegany County, Maryland, emphasizing First United Corporation's commitment to community support and development.

A Stable Future

The declaration of this cash dividend indicates not only a return on investment for shareholders but also signals the Corporation's solid financial foundations. By distributing dividends, First United Corporation reinforces its role as a trusted investment option, freely sharing its profits with those who support the company.

Conclusion

As First United Corporation gears up for the payout scheduled in early February, it marks another milestone in its strategic direction towards growth and shareholder value. Investors can look forward to a consistent revenue stream, which is a testament to the Corporation’s effective management and operational excellence. For those interested in further information, details can be found on their official website at mybank.com.