United Bankshares Increases Quarterly Dividend From $0.36 To $0.37 Per share
Portfolio Pulse from Benzinga Newsdesk
United Bankshares, Inc. (UBSI) has announced an increase in its quarterly dividend from $0.36 to $0.37 per share, marking the 50th consecutive year of dividend growth. The dividend is payable on January 2, 2024, to shareholders of record as of December 8, 2023. The total dividend payout will be approximately $49.9 million on 134.9 million shares. CEO Richard M. Adams, Jr. highlighted the company's strong performance and disciplined approach as key factors in its ability to consistently increase dividends.
November 10, 2023 | 5:11 pm
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United Bankshares has increased its quarterly dividend to $0.37 per share, continuing a 50-year streak of dividend growth. This reflects the company's strong performance and commitment to shareholder returns.
The increase in dividends is typically viewed positively by investors as it signals confidence in the company's financial health and a commitment to returning value to shareholders. Given the historical significance of the 50th consecutive year of dividend growth, this news is likely to be particularly well-received and could have a positive impact on UBSI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100