Unity Bancorp Raises Quarterly Dividend 7% to $0.16 Per Share
Unity Bancorp, Inc. (NASDAQ: UNTY), a New Jersey-based bank holding company, declared a quarterly cash dividend of $0.16 per share, up from $0.15 in the prior quarter. The dividend is payable March 20 to shareholders of record as of March 6.
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, declared a quarterly cash dividend of $0.16 per common share on February 26, marking a 7% increase from the previous quarter's $0.15 distribution. The dividend is payable March 20, 2026, to shareholders of record as of March 6, 2026. Read more dividend announcements.
The increase marks the latest step in the Clinton, New Jersey-based bank's dividend program as it continues to return capital to shareholders. Unity Bancorp operates as a financial services organization serving retail, corporate, and small business customers across New Jersey and Pennsylvania.
| Dividend Details | Date/Amount |
|---|---|
| Amount | $0.16 per share |
| Previous Amount | $0.15 per share |
| Increase | 7% |
| Record Date | March 6, 2026 |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
James A. Hughes, CEO of Unity Bancorp, attributed the dividend increase to the company's financial performance and disciplined balance sheet management. He stated the bank remains focused on maintaining a strong capital position while supporting sustainable growth.
Unity Bancorp operates with approximately $3.0 billion in assets and $2.3 billion in deposits. Unity Bank maintains a branch network across eight New Jersey counties — Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union, and Warren — as well as Northampton County in Pennsylvania.