GLASTONBURY, Conn., July 16, 2014 (GLOBE NEWSWIRE) -- United Financial Bancorp, Inc. ("United Financial" or the "Company") (Nasdaq:UBNK), the holding company for United Bank (the "Bank"), today announced that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.10 per share to shareholders of record at the close of business on July 28, 2014 and payable on August 4, 2014.
This dividend equates to a 2.97% annualized yield based on the $13.45 average closing price of the Company's common stock in the second quarter of 2014. The Company has now paid dividends for 33 consecutive quarters.
"This dividend is reflective of our consistent capital management strategy and we are pleased to continue to be in a position to reward United shareholders with another consecutive ten cent dividend on August 4th," said William H.W. Crawford, IV, CEO of United Financial Bancorp, Inc. and United Bank.
The Company expects to release its financial results for the second quarter ending June 30, 2014 on Wednesday, July 23, 2014, after 4:00 pm Eastern Time (ET). Please visit the Company's website at www.unitedfinancialinc.com for more details regarding their second quarter earnings conference call.
About United Financial Bancorp, Inc.
United Financial Bancorp, Inc. is the holding company for United Bank, a full service financial services firm offering a complete line of commercial, business, and consumer banking products and services to customers throughout Central Connecticut and Western Central Massachusetts. On April 30, 2014, United Bank and Rockville Bank completed a transformational merger of equals bringing together two financially strong, well-respected institutions and creating a leading New England bank with more than 50 branches in two states and approaching $5.0 billion in assets. Through the merger, Rockville Financial, Inc. completed the acquisition of United Financial Bancorp, Inc. The combined Company, known as United Financial Bancorp, Inc., trades on the NASDAQ Global Select Stock Exchange under the ticker symbol "UBNK".
For more information about legacy United Bank's services and products, call (866) 959-BANK and for information about legacy Rockville Bank's services and products, call (860) 291-3600 or visit www.thenewunitedbank.com for more information about both banks. For more information about United Financial Bancorp, Inc., visit www.unitedfinancialinc.com or download the Company's free Investor Relations app on your Apple or Android device.
To download United Financial Bancorp, Inc.'s investor relations app on your iPhone or on your iPad, which offers access to SEC documents, press releases, videos, audiocasts and more, please visit: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=725271098&mt=8 or https://play.google.com/store/apps/details?id=com.theirapp.ubnk for your Android mobile device.
Forward Looking Statements
This press release may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.
CONTACT: Investor Relations Contact: Marliese L. Shaw Executive Vice President, Investor Relations Officer Rockville Bank: A Division of United Bank 860-291-3622 firstname.lastname@example.org Media Relations Contact: Adam J. Jeamel Vice President, Corporate Communications Rockville Bank: A Division of United Bank 860-291-3765 email@example.com
Source:United Financial Bancorp, Inc.