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BANKUNITED DECLARES CASH DIVIDEND ON CLASS A COMMON STOCK

 BANKUNITED DECLARES CASH DIVIDEND ON CLASS A COMMON STOCK
 CORAL GABLES, Fla., Dec. 11 /PRNewswire/ -- BankUnited


(NASDAQ-NMS: BKUNA), a $262 million savings bank serving both coasts of Florida, today declared, subject to regulatory review, a special $.10 dividend on its Class A common stock, payable on Jan. 31, 1992, to stockholders of record on Jan. 20, 1992.
 The Class A common is traded on NASDAQ under the symbol BKUNA. This is the first cash dividend paid on BankUnited's common stock since its founding in 1984.
 Last week, BankUnited announced record net earnings for its 1991 fiscal year, up 55 percent from a year ago. It earned $1.2 million for the fiscal year ended Sept. 30, 1991, compared to $803,404 for fiscal 1990.
 In announcing the dividend, Alfred R. Camner, chairman and chief executive officer of BankUnited, stated, "This initial cash payment is a result of our strong earnings growth. Based upon positive future results, we anticipate paying additional dividends on the bank's Class A common stock in the future."
 Payment Record
 Company Class of Stock Type Amount Date Date
 BankUnited Class A Common Special $.10 1-31-92 1-20-92
 -0- 12/11/91
 /CONTACT: Alfred R. Camner, chief executive officer or Steven D. Hayworth, chief operating officer of BankUnited, 305-529-2400; or John K. Schulte of Schulte Ross & Aguilar, 305-856-1442/
 (BKUNA) CO: BankUnited ST: Florida IN: FIN SU: DIV


AW-SS -- FL009 -- 1558 12/11/91 15:16 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 11, 1991
Words:237
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