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Unity Bancorp (Unity Bancorp) 3-Year Dividend Growth Rate

: 14.50% (As of Dec. 2023)
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Unity Bancorp's Dividends per Share for the three months ended in Dec. 2023 was $0.12.

The historical rank and industry rank for Unity Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

UNTY' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -1.5   Med: 19.05   Max: 97.2
Current: 14.5

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Unity Bancorp was 97.20% per year. The lowest was -1.50% per year. And the median was 19.05% per year.

UNTY's 3-Year Dividend Growth Rate is ranked better than
71.36% of 782 companies
in the Banks industry
Industry Median: 7.55 vs UNTY: 14.50

During the past 12 months, Unity Bancorp's average Dividends Per Share Growth Rate was 11.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 25.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Unity Bancorp's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.13. As of today, Unity Bancorp's Dividend Yield % is 1.82%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, Unity Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Unity Bancorp 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Unity Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Unity Bancorp's 3-Year Dividend Growth Rate falls into.



Unity Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Unity Bancorp  (NAS:UNTY) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Unity Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.12/ 0.96
=0.13

During the past 13 years, the highest Dividend Payout Ratio of Unity Bancorp was 0.19. The lowest was 0.11. And the median was 0.13.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Unity Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1302024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-09-072023-09-082023-09-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-06-082023-06-092023-06-23Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Unity Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.49/26.91
=1.82 %

Current Share Price is $26.91.
Unity Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.49.

During the past 13 years, the highest Dividend Yield of Unity Bancorp was 3.24%. The lowest was 0.13%. And the median was 1.27%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Unity Bancorp 3-Year Dividend Growth Rate Related Terms>


Unity Bancorp (Unity Bancorp) Business Description

Traded in Other Exchanges
Address
64 Old Highway 22, Clinton, NJ, USA, 08809
Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.
Executives
Daniel C Sharabba officer: Senior Retail Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim officer: Chief Credit Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Vincent Geraci officer: Director of Mortgage Lending C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr. director C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies officer: Controller/FVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii director, 10 percent owner C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas director, 10 percent owner, other: Chairman of the Board C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
George Boyan officer: Chief Financial Officer C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright director 9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak officer: EVP/COO C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Janice Bolomey officer: EVP/CAO C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan officer: Chief Lending Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Stephen Rooney officer: Chief Lending Officer/1st SVP 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Mark S Brody director
Laureen Cook officer: Chief Accounting Officer C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809

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