Company Overview - First United Corporation (FUNC) is headquartered in Oakland and operates in the Finance sector [3] - The stock has experienced a price change of 26.67% since the beginning of the year [3] Dividend Information - FUNC currently pays a dividend of $0.20 per share, resulting in a dividend yield of 2.69%, which is slightly above the Banks - Northeast industry's yield of 2.68% and significantly higher than the S&P 500's yield of 1.5% [3] - The annualized dividend of $0.80 has increased by 2.6% from the previous year [4] - Over the past five years, FUNC has raised its dividend three times, achieving an average annual increase of 13.88% [4] - The current payout ratio is 28%, indicating that FUNC pays out 28% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for FUNC's earnings in 2024 is projected at $3 per share, reflecting a year-over-year growth rate of 7.14% [5] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - High-yielding stocks may face challenges during periods of rising interest rates, but FUNC is considered a compelling investment opportunity due to its strong dividend profile [7] - FUNC currently holds a Zacks Rank of 3 (Hold), indicating a stable investment outlook [7]
First United Corporation (FUNC) is a Top Dividend Stock Right Now: Should You Buy?