BankUnited, Inc. (NYSE:BKU) Plans Quarterly Dividend of $0.33

BankUnited, Inc. (NYSE:BKU – Get Free Report) announced a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.33 per share by the financial services provider on Friday, October 30th. This represents a $1.32 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 9th.

BankUnited has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. BankUnited has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BankUnited to earn $4.51 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 29.3%.

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BankUnited Trading Up 0.8%

Shares of NYSE:BKU traded up $0.33 during trading hours on Friday, hitting $43.72. 36,518 shares of the company’s stock traded hands, compared to its average volume of 883,550. The firm has a market capitalization of $3.11 billion, a P/E ratio of 11.98 and a beta of 1.17. The business has a fifty day moving average price of $46.19 and a 200-day moving average price of $46.49. BankUnited has a 1 year low of $35.10 and a 1 year high of $52.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82.

BankUnited (NYSE:BKU – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The business had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.BankUnited’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Equities analysts expect that BankUnited will post 4.01 earnings per share for the current year.

BankUnited Company Profile

(Get Free Report)

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.

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