Why First United Corporation (FUNC) is a Top Dividend Stock for Your Portfolio

In terms of dividend growth, the company's current annualized dividend of $0.80 is up 2.6% from last year. Over the last 5 years, First United Corporation has increased its dividend 3 times on a year-over-year basis for an average annual increase of 13.88%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. First United's current payout ratio is 28%. This means it paid out 28% of its ...