1st United reports quarterly dividend.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 25, 1995--The board of directors of 1st United Bancorp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FUBC) has established a new policy of paying quarterly dividends. Based upon earnings for the period ended March 31, 1995, 1st United Bancorp, parent of 1st United Bank, announced a quarterly cash dividend of 3 cents per common share to shareholders of record on May 10, 1995. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, this quarterly dividend would represent a 50% increase in Bancorp's dividends. 1st United Bancorp paid annual dividends of 8 cents related to 1994 and 7 cents for 1993 and 1992, respectively. 1st United Bank, with assets of approximately $310 million, is the largest community commercial bank headquartered in Palm Beach County, Fla. 1st United Bancorp's stock is traded under the symbol FUBC on the NASDAQ Market. CONTACT: 1st United Bancorp, Boca Raton John Marino, CFO See Chief Financial Officer. , 407/392-4000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion