BankUnited Declares Dividend on Class A Common Stock, Semi-Annual Interest Payments on Preferred Securities.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla. -- BankUnited Financial Corporation (Nasdaq:BKUNA), parent company of BankUnited FSB (FrontSide Bus) See system bus. FSB - front side bus , today announced that its Board of Directors has declared a cash dividend of one-half cent ($0.005) per share to be paid on June June: see month. 30, 2005, to stockholders of record as of June 15, 2005. BankUnited Financial Corp. has also declared its 16th consecutive regular semi-annual interest payment of $51.25 per share on its 10.25% Trust Preferred Securities, payable on June 30, 2005, to security holders of record on June 15, 2005. At this time, the dividend is not expected to cause an adjustment to the conversion rate of BankUnited's 3.125% Convertible Senior Notes. On a cumulative basis, dividends may cause adjustments to the conversion rate in the future. About BankUnited BankUnited Financial Corporation (Nasdaq:BKUNA) is the holding company for BankUnited FSB, the largest banking institution headquartered in Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and as measured by assets. BankUnited had assets of $9.3 billion at March 31, 2005. Serving customers in Miami-Dade, Broward Broward could refer to:
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain certain forward-looking statements, which are based on management's expectations regarding factors that may impact the Company's earnings and performance in future periods. Words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. such as: "will likely result," "expect," "will continue," "anticipate," "estimate," "project," "believe," "intend," "should," "may," "can," "could," "plan," "target" and similar expressions are intended to identify "forward-looking statements." Actual results or performance could differ from those implied or contemplated by such statements. Factors that could cause future results and performance to vary materially from current management expectations include, but are not limited to, general business and economic conditions; fiscal and monetary policies; war and terrorism; changes in interest rates; deposit flows; loan demand and real estate values; competition with other providers of financial products and services; the issuance or redemption of additional company equity or debt; volatility in the market price of our common stock; changes in accounting principles, policies or guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. ; changes in laws or regulation; reliance on other companies for products and services; and other economic, competitive, servicing capacity, governmental, regulatory and technological factors affecting the company's operations, pricing, products and delivery of services. |
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