Unity Bancorp Inc: Key Developments
Unity Bancorp, Inc. Announces Issuance Of $20,649,000 Of Preferred Stock To US Department Of Treasury
December 8, 2008 |
| Unity Bancorp, Inc. announced that it issued $20,649,000 of preferred stock to the US Department of Treasury under the Capital Purchase Program. As part of the transaction, the Company also issued warrants to the Treasury to purchase 767 thousand shares of common stock with a market price equal to $4.04. |
Unity Bancorp, Inc. Revises Dividend Policy
September 29, 2008 |
| Dow Jones reported that Unity Bancorp, Inc. said that it will revise its dividend policy to retain capital in the tough economic environment. The Company's Board of Directors has established a targeted dividend payout ratio of 20% of the Company's earnings, subject to adjustment. The Company also said it now intends to pay a cash dividend once annually. |
Unity Bancorp, Inc. Declares Cash Dividend
June 23, 2008 |
| Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.05 per common share. Such dividend is payable on July 25, 2008, to shareholders of record as of July 11, 2008. |
Unity Bancorp, Inc. Announces 5% Dividend Declaration
April 24, 2008 |
| Unity Bancorp, Inc. announced that the Board of Directors declared a 5% stock dividend payable on June 27, 2008, to all shareholders of record as of June 13, 2008. |
Unity Bancorp, Inc. Declares Cash Dividend
March 21, 2008 |
| Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.05 per common share. Such dividend is payable on April 25, 2008, to shareholders of record as of April 11, 2008. |
|
|
Recent News