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

BankUnited, Inc. (NYSE:BKUGet Free Report) announced a quarterly dividend on Wednesday, June 24th. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 10th.

BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. BankUnited has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 1.2%

Shares of NYSE BKU opened at $48.87 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited has a 52 week low of $34.79 and a 52 week high of $52.11. The firm’s fifty day moving average is $47.36 and its 200 day moving average is $46.80. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 13.61 and a beta of 1.17.

BankUnited (NYSE:BKUGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period in the previous year, the company earned $0.78 EPS. On average, equities research analysts expect that BankUnited will post 4.16 earnings per share for the current year.

Insider Transactions at BankUnited

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Several hedge funds have recently made changes to their positions in the company. HoldCo Asset Management LP bought a new stake in shares of BankUnited during the 3rd quarter valued at $35,752,000. Tudor Investment Corp ET AL bought a new position in shares of BankUnited in the 3rd quarter worth about $7,599,000. Jain Global LLC purchased a new position in BankUnited during the 3rd quarter valued at about $11,224,000. Artemis Investment Management LLP bought a new stake in BankUnited during the fourth quarter worth about $73,655,000. Finally, Capitolis Liquid Global Markets LLC bought a new stake in BankUnited during the third quarter worth about $4,648,000. 99.70% of the stock is currently owned by institutional investors.

About BankUnited

(Get Free Report)

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.

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Dividend History for BankUnited (NYSE:BKU)

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