Unity Bancorp Announces 8% Increase in First Quarter Dividend

Core Viewpoint - Unity Bancorp, Inc. has declared a cash dividend of $0.14 per common share, reflecting an 8% increase from the previous quarter's dividend of $0.13, demonstrating the company's strong financial health and commitment to shareholder returns [1][2]. Financial Performance - Unity Bancorp, Inc. has approximately $2.7 billion in assets and $2.1 billion in deposits, indicating a solid financial foundation [2]. Dividend Announcement - The declared dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025 [1]. Management Commentary - The President & CEO of Unity Bank expressed confidence in the company's growth and earnings outlook, emphasizing a commitment to prudent capital management while delivering shareholder returns [2].