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Unity Bancorp (FRA:UTB) 3-Year Dividend Growth Rate : 14.50% (As of Mar. 2024)


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What is Unity Bancorp 3-Year Dividend Growth Rate?

Unity Bancorp's Dividends per Share for the three months ended in Mar. 2024 was €0.12.

The historical rank and industry rank for Unity Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

FRA:UTB' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -1.5   Med: 19.05   Max: 97.2
Current: 14.5

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Unity Bancorp was 97.20% per year. The lowest was -1.50% per year. And the median was 19.05% per year.

FRA:UTB's 3-Year Dividend Growth Rate is ranked better than
69.77% of 774 companies
in the Banks industry
Industry Median: 7.7 vs FRA:UTB: 14.50

During the past 12 months, Unity Bancorp's average Dividends Per Share Growth Rate was 8.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 25.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Unity Bancorp's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.14. As of today, Unity Bancorp's Dividend Yield % is 1.79%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Unity Bancorp's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, Unity Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Unity Bancorp's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Unity Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Unity Bancorp's 3-Year Dividend Growth Rate falls into.



Unity Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Unity Bancorp  (FRA:UTB) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Unity Bancorp's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.12/ 0.856
=0.14

During the past 13 years, the highest Dividend Payout Ratio of Unity Bancorp was 0.19. The lowest was 0.11. And the median was 0.13.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Unity Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1300002024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:EUR 0.920000
USD 0.1200002023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:EUR 0.917000
USD 0.1200002023-09-072023-09-082023-09-22Cash DividendquarterlyUSD:EUR 0.937000
USD 0.1200002023-06-082023-06-092023-06-23Cash DividendquarterlyUSD:EUR 0.923000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Unity Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.45284/25.20
=1.80 %

Current Share Price is €25.20.
Unity Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is €0.45284.

During the past 13 years, the highest Dividend Yield of Unity Bancorp was 3.24%. The lowest was 0.13%. And the median was 1.27%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Unity Bancorp 3-Year Dividend Growth Rate Related Terms>


Unity Bancorp (FRA:UTB) Business Description

Traded in Other Exchanges
Address
64 Old Highway 22, Clinton, NJ, USA, 08809
Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

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