BankUnited Raises Dividend by 6.5%, Boosts Buyback by $200 Million

Dow Jones01-21
 

By Colin Kellaher

 

BankUnited's board has raised the bank-holding company's quarterly dividend by 6.5%, to 33 cents from 31 cents, and added $200 million to its stock-buyback authorization.

The new quarterly payout, equal to $1.32 a year, represents an annual yield of about 2.85% based on Tuesday's closing price of $46.39, up from 2.67%.

The Miami Lakes, Fla., company on Wednesday said the increase applies to future dividend payments.

BankUnited, which had around 75.1 million shares outstanding as of Nov. 3 and sports a market capitalization of nearly $3.5 billion, said it shelled out $44.8 million to buy back about 1.1 million shares during the fourth quarter.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 21, 2026 07:02 ET (12:02 GMT)

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