By Katherine Hamilton
BankUnited boosted its quarterly dividend 7% to 31 cents a share.
The Miami Lakes, Fla., bank holding company said Wednesday it was raising the dividend from 29 cents a share.
The new payout, equal to $1.24 a year, represents an annual yield of about 3.5% based on Wednesday's closing share price of $35.47.
The dividend is set to be paid on April 30 to shareholders of record at the market's close on April 11.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 26, 2025 17:00 ET (21:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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