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Stock impact report

Should You Buy Unity Bancorp, Inc. (NASDAQ:UNTY) For Its Upcoming Dividend? [Yahoo! Finance]

Unity Bancorp, Inc. (UNTY) 
Last unity bancorp, inc. earnings: 4/17 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/101233
Company Research Source: Yahoo! Finance
NASDAQ:UNTY ) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Unity Bancorp's shares before the 7th of June to receive the dividend, which will be paid on the 21st of June. The company's next dividend payment will be US$0.13 per share. Last year, in total, the company distributed US$0.52 to shareholders. Based on the last year's worth of payments, Unity Bancorp stock has a trailing yield of around 1.9% on the current share price of US$27.98. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to i Show less Read more
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