BankUnited Declares Quarterly Dividend

BankUnited is reaching into its vault for another shareholder payout. The company has declared its latest quarterly common stock dividend, which is to be $0.21 per share paid on July 19 to shareholders of record as of July 5. That amount matches both of the firm's previous distributions, the most recent of which was paid in April. Prior to that, BankUnited dispensed $0.17 per share.

The firm has consistently paid regular dividends since its IPO in early 2011. In March of that year, it initiated shareholder payouts with a $0.14-per-share distribution.

The just-declared dividend annualizes to $0.84 per share. That yields 3.3% at BankUnited's most recent closing stock price of $25.63.

The article BankUnited Declares Quarterly Dividend originally appeared on Fool.com.

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