United Financial Bancorp, Inc. Declares Cash Dividend Payable on February 18, 2016
January 27, 2016 at 02:48 am IST
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The Board of Directors of United Financial Bancorp, Inc. declared a cash dividend on the company's common stock of $0.12 per share to shareholders of record at the close of business on February 5, 2016 and payable on February 18, 2016. This dividend equates to a 3.59% annualized yield based on the $13.38 average closing price of the company's common stock in the fourth quarter of 2015.
United Financial Bancorp, Inc. is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services. The Company's operations include the delivery of loan and deposit products to customers. Personal and business banking customers also bank with the Company online through its Website at www.bankatunited.com, as well as its mobile and telephone banking channels. The Company originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one- to four-family residences, home equity lines of credit and fixed rate loans and other consumer loans. The principal lending activity of the Bank is to originate loans secured by first mortgages on one- to four-family residences.