United Community Banks Announces Increased Quarterly Dividend 4% To $0.24 Per Share; Authorized An Increase In Its Share Repurchase Program To $100M Of Its Outstanding Common Shares And Extended The Expiration Of The Authorization To December 31, 2025
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United Community Banks, Inc. (NYSE:UCB) announced a 4% increase in its quarterly dividend to $0.24 per share and expanded its share repurchase program to $100 million, extending the authorization to December 31, 2025.
August 15, 2024 | 8:36 pm
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United Community Banks, Inc. (NYSE:UCB) announced a 4% increase in its quarterly dividend to $0.24 per share and expanded its share repurchase program to $100 million, extending the authorization to December 31, 2025.
The increase in the quarterly dividend and the expansion of the share repurchase program are positive signals to investors, indicating the company's strong financial health and commitment to returning value to shareholders. This is likely to have a positive short-term impact on the stock price.
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