BankUnited, Inc. (NYSE:BKU) Shareholders to Collect $0.33 Quarterly Dividend

BankUnited, Inc. (NYSE:BKU) announced a quarterly dividend on Thursday, September 24th. Investors 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 9th.

BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. BankUnited has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. 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%.

BankUnited Trading Up 1.0%

BankUnited stock opened at $43.83 on Friday. BankUnited has a one year low of $35.10 and a one year high of $52.11. The company’s fifty day moving average price is $46.19 and its two-hundred day moving average price is $46.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.00 and a beta of 1.17.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $284.57 million during the quarter, compared to analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.BankUnited’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, analysts forecast that BankUnited will post 4.01 earnings per share for the current fiscal year.

About BankUnited

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.