Atlantic Union Bankshares Corporation Declares Quarterly Dividend

Rhea-AI Summary

Atlantic Union Bankshares Corporation has announced a quarterly dividend of $0.25 per share, consistent with the previous quarter and reflecting a 9% increase from last year. The dividend yield stands at approximately 4.4%, based on the stock's closing price of $22.48 on May 4, 2020. Shareholders of record as of May 20, 2020 will receive the dividend on June 3, 2020. This dividend declaration underscores the company’s commitment to returning value to its shareholders.

Positive

• Quarterly dividend maintained at $0.25 per share.
• 9% increase in dividend compared to the prior year.
• Dividend yield of approximately 4.4% is attractive for income-focused investors.

Negative

• None.

RICHMOND, Va., May 05, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share. The dividend amount is the same as the prior quarter’s dividend and a 2 cent, or 9%, increase from the prior year’s dividend.

Based on the stock’s closing price of $22.48 on May 4, 2020, the dividend yield is approximately 4.4%.  The dividend is payable on June 3, 2020 to shareholders of record as of May 20, 2020.

About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (Nasdaq: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has 149 branches and approximately 170 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Middleburg Financial is a brand name used by Atlantic Union Bank and certain affiliates when providing trust, wealth management, private banking, and investment advisory products and services. Certain non-bank affiliates of Atlantic Union Bank include: Old Dominion Capital Management, Inc., and its subsidiary, Outfitter Advisors, Ltd., Dixon, Hubard, Feinour, & Brown, Inc., and Middleburg Investment Services, LLC, which provide investment advisory and/or brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

Contact:

Bill Cimino, Senior Vice President and Director of Investor Relations 804.448.0937

FAQ

What is the amount of the dividend declared by Atlantic Union Bankshares Corporation?

The dividend declared is $0.25 per share.

When is the dividend payable to shareholders?

The dividend is payable on June 3, 2020.

What is the record date for the dividend?

The record date for the dividend is May 20, 2020.

What is the dividend yield based on the stock price?

The dividend yield is approximately 4.4% based on a stock price of $22.48.

How does the dividend compare to last year's dividend?

The current dividend reflects a 9% increase from last year's amount.