Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
07 Mayo 2024 - 3:01PM
Business Wire
The Board of Directors (the “Board”) of Atlantic Union
Bankshares Corporation (the “Company”) has declared a quarterly
dividend of $0.32 per share of common stock, which is the same as
the first quarter of 2024 and an approximately 7% increase from the
dividend in the second quarter of 2023. Based on the Company’s
common stock closing price of $33.63 on May 6, 2024, the dividend
yield is approximately 3.8%. The common stock dividend is payable
on June 7, 2024 to common shareholders of record as of May 24,
2024.
The Board also declared a quarterly dividend on the outstanding
shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred
Stock, Series A (the “Series A preferred stock”). The Series A
preferred stock is represented by depositary shares, each
representing a 1/400th ownership interest in a share of Series A
preferred stock. The dividend of $171.88 per share (equivalent to
$0.43 per outstanding depositary share) is payable on June 3, 2024
to holders of record as of May 20, 2024.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares
Corporation (NYSE: AUB) is the holding company for Atlantic Union
Bank. Atlantic Union Bank had 135 branches and approximately 150
ATMs located throughout Virginia, and in portions of Maryland and
North Carolina as of April 1, 2024. Certain non-bank financial
services affiliates of Atlantic Union Bank include: Atlantic Union
Equipment Finance, Inc., which provides equipment financing;
Atlantic Union Financial Consultants, LLC, which provides brokerage
services; and Union Insurance Group, LLC, which offers various
lines of insurance products.
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Bill Cimino, Senior Vice President and Director of Investor
Relations 804.448.0937
Atlantic Union Bankshares (NYSE:AUB)
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