First United Corp.'s board declared a cash dividend of 9 cents per share, payable May 2 to the Oakland, Md.-based company's shareholders of record as of April 16.
The board and the management team are "pleased to resume payment of [the company's] common stock dividend," First United Corp. Chairman, President and CEO Carissa Rodeheaver said in a news release. "As our income and financial position has improved, we are anxious to increase the return on investment for our shareholders through the payment of a dividend," Rodeheaver said.
