1st United Bancorp Inc., a Boca Raton bank holding company, will issue a special 10 cents per share cash dividend payable Dec. 28. The dividend will be paid to stockholders of record as of Dec. 21.

Numerous companies are awarding special payouts or accelerating dividend payments ahead of expected tax increases next year.

“With the uncertainty surrounding the federal tax treatment of dividends in the future, we believe that the payment of this special dividend is in the best interests of our shareholders,” said Rudy Schupp, CEO of 1st United Bancorp. “Given our earnings to date, high capital levels and strong balance sheet, we are in a position to distribute capital to our shareholders, under today’s dividend tax rates, without impairing our strategic plan going forward.”

The parent of 1st United Bank also said it expects to begin paying regular quarterly dividends on common stock beginning in the first quarter of 2013. The payment will be 1 cent per share.

1st United Bank operates 22 branches in South and Central Florida.