LYNNWOOD, Wash.--(BUSINESS WIRE)--U & I Financial Corp. (OTC Pink: UNIF), the holding company of UniBank, today announced that its Board of Directors declared a cash dividend of $0.10 per common share. The dividend is payable on or about July 23, 2018 to all stockholders of record as of the close of business on July 2, 2018.
“Although the Company has mainly paid special dividends in the past, the Board of Directors thought it was necessary to reward the shareholders with annual cash dividends to participate in the Company’s success. This year’s cash dividend of $0.10 per common share was the right amount for this purpose while enabling continuous growth. We expect this amount to steadily increase over time as we achieve our growth targets,” said Peter Park, Chief Executive Officer and President of UniBank.
UniBank, the wholly-owned subsidiary of U & I Financial Corp. (OTC Pink: UNIF), is one of the highest performing banks in Washington state in terms of return on assets. Based in Lynnwood, Washington, the bank was founded in 2006 to serve the small to medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. Customers can access their accounts in any of the 4 branches – Lynnwood, Bellevue, Federal Way and Tacoma – online, or through the Bank’s ATM network. For more information visit www.unibankusa.com or call (425) 275-9700.