50th Consecutive Year of Dividend Increases for United Bankshares, Inc.
10 Noviembre 2023 - 10:45AM
Business Wire
United Bankshares, Inc. (“United”) (NASDAQ: UBSI) today
announced that its Board of Directors declared a fourth quarter
dividend of $0.37 per share for shareholders of record as of
December 8, 2023. Dividends per share of $1.45 for the year 2023
represents an increase over the $1.44 per share paid for the year
of 2022. The dividend payout of approximately $49.9 million on
134.9 million shares is payable January 2, 2024. The year 2023
marks the 50th consecutive year of dividend increases to United
shareholders.
“Fifty years of dividend growth is a testament to our proven
track record as a high performing company with a low risk profile,”
said Richard M. Adams, Jr., United’s Chief Executive Officer. “Our
disciplined approach has resulted in strong business performance
that has allowed us to outperform competitors, provide recognized
quality service to our customers, and continuously increase
dividends for United shareholders, now for a milestone 50
consecutive years.”
United is the parent company of United Bank which comprises
nearly 250 offices in Virginia, Maryland, Washington, D.C., North
Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and
Ohio. United’s stock is traded on the NASDAQ Global Select Market
under the quotation symbol “UBSI”.
www.ubsi-inc.com
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W. Mark Tatterson Chief Financial Officer (800) 445-1347
United Bankshares (NASDAQ:UBSI)
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