BankUnited, Inc. (BKU) to Distribute Quarterly Dividend of $0.33 on July 31st

BankUnited, Inc. (NYSE:BKU) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Friday, July 10th will be given a dividend of 0.33 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 10th.

BankUnited has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. BankUnited has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BankUnited to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.0%.

BankUnited Price Performance

BankUnited stock opened at $50.15 on Friday. BankUnited has a 1 year low of $34.79 and a 1 year high of $52.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average price is $47.04 and its 200 day moving average price is $46.62. The stock has a market capitalization of $3.64 billion, a P/E ratio of 13.97 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The business had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period last year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that BankUnited will post 4.16 earnings per share for the current fiscal year.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.