United Bankshares: Dividend Insights
Portfolio Pulse from Benzinga Insights
United Bankshares (NASDAQ:UBSI) announced it will pay a quarterly dividend of 36 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 36 cents lower. Shareholders who own UBSI as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 02, 2023.
September 04, 2023 | 2:45 pm
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United Bankshares announced a quarterly dividend of 36 cents per share. The stock will likely open lower on the ex-dividend day.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend as the company's assets decrease by the amount of the payout. In this case, United Bankshares' stock is expected to open 36 cents lower on the ex-dividend day.
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