BankUnited, Inc. Announces Quarterly Dividend of $0.31 (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU - Get Free Report) announced a quarterly dividend on Tuesday, December 23rd. Shareholders of record on Friday, January 9th will be given a dividend of 0.31 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, January 9th.BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. BankUnited has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect BankUnited to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 36.4%. BankUnited Stock PerformanceShares of NYSE:BKU traded up $0.09 during trading on Wednesday, hitting $45.17. 11,415 shares of the company traded hands, compared to its average volume of 873,117. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. The business's fifty day moving average is $41.59 and its 200-day moving average is $38.89. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.71 and a beta of 1.34. BankUnited has a one year low of $28.21 and a one year high of $46.92. BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.11. The business had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. As a group, equities analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year. Hedge Funds Weigh In On BankUnitedA number of hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in BankUnited in the first quarter valued at approximately $1,398,000. Capital Fund Management S.A. bought a new stake in BankUnited in the second quarter worth $1,356,000. Baird Financial Group Inc. acquired a new position in BankUnited during the first quarter worth $398,000. Fisher Asset Management LLC raised its holdings in BankUnited by 24.7% during the second quarter. Fisher Asset Management LLC now owns 575,878 shares of the financial services provider's stock valued at $20,495,000 after buying an additional 113,974 shares in the last quarter. Finally, Bayview Asset Management LLC lifted its position in shares of BankUnited by 45.5% in the second quarter. Bayview Asset Management LLC now owns 40,000 shares of the financial services provider's stock worth $1,424,000 after buying an additional 12,500 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds. About BankUnited (Get Free Report)BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors. The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.Featured ArticlesFive stocks we like better than BankUnitedThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??End of America updateThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in BankUnited Right Now?Before you consider BankUnited, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BankUnited wasn't on the list.While BankUnited currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here