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)
Copyright (c) 2026 Dow Jones & Company, Inc.
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