United Bankshares's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
United Bankshares (NASDAQ:UBSI) announced a quarterly dividend of 37 cents per share, with the ex-dividend date set for Thursday. Shareholders owning UBSI by the end of Wednesday are eligible for the dividend, payable on April 01, 2024. The stock is expected to open 37 cents lower on the ex-dividend date.
March 04, 2024 | 2:46 pm
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United Bankshares announced a quarterly dividend of 37 cents per share, with an ex-dividend date this Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, UBSI is expected to open lower by 37 cents on the ex-dividend date, directly correlating with the dividend amount announced.
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