BankUnited (NYSE:BKU) is reaching into its vault for another shareholder payout. The company has declared its latest quarterly common stock dividend, which is to be $0.21 per share paid on July 19 to shareholders of record as of July 5. That amount matches both of the firm's previous distributions, the most recent of which was paid in April. Prior to that, BankUnited dispensed $0.17 per share.
The firm has consistently paid regular dividends since its IPO in early 2011. In March of that year, it initiated shareholder payouts with a $0.14-per-share distribution.
The just-declared dividend annualizes to $0.84 per share. That yields 3.3% at BankUnited's most recent closing stock price of $25.63.
Fool contributor Eric Volkman has no position in BankUnited, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.