Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend

Rhea-AI Summary

The Board of Directors of Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.28 per share of common stock, unchanged from the prior quarter, but a 12% increase from Q3 2020. Based on the common stock closing price of $35.77 on July 28, 2021, the dividend yield is approximately 3.1%. The dividend will be payable on August 27, 2021 to shareholders of record as of August 13, 2021. Additionally, a dividend of $171.88 per share for the Series A preferred stock is also declared, payable on September 1, 2021.

Positive

• Quarterly dividend maintained at $0.28 per share, indicating stable income for shareholders.
• 12% increase in common stock dividend from Q3 2020 showcases company confidence.
• Dividend yield of approximately 3.1% may attract investor interest.

Negative

• None.

RICHMOND, Va., July 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.28 per share of common stock, which is the same as the prior quarter and a 3 cent or 12% increase from the common stock dividend paid in the third quarter of 2020. Based on the Company’s common stock closing price of $35.77 on July 28, 2021, the dividend yield is approximately 3.1%. The common stock dividend is payable on August 27, 2021 to common shareholders of record as of August 13, 2021.

The Board also declared a quarterly dividend on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A preferred stock”). The Series A preferred stock is represented by depositary shares, each representing a 1/400^th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on September 1, 2021 to holders of record as of August 17, 2021.

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 129 branches and approximately 150 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Old Dominion Capital Management, Inc., and its subsidiary, Outfitter Advisors, Ltd., and Dixon, Hubard, Feinour, & Brown, Inc., which provide investment advisory services; Atlantic Union Financial Consultants, LLC, which provides 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 dividend amount for Atlantic Union Bankshares Corporation?

The dividend amount for common stock is $0.28 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on August 27, 2021.

What is the yield for the common stock dividend of Atlantic Union Bankshares Corporation?

The dividend yield is approximately 3.1% based on a closing price of $35.77.

When is the record date for the dividend payment?

The record date for the dividend payment is August 13, 2021.

What is the dividend for the Series A preferred stock?

The dividend for the Series A preferred stock is $171.88 per share.