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 (AUB) has declared a quarterly dividend of $0.28 per share, maintaining the previous quarter's amount and reflecting a 12% increase from the same quarter in 2021. With a closing stock price of $39.61 on January 27, 2022, the dividend yield stands at approximately 2.8%. The dividend is payable on February 25, 2022 to shareholders on record by February 11, 2022. Additionally, a dividend for the Series A preferred stock of $171.88 per share is set for distribution on March 1, 2022.

Positive

• Quarterly dividend increased by 12% compared to Q1 2021.
• Current dividend yield is approximately 2.8% based on recent stock price.
• Dividend payments are consistent, indicating stability.

Negative

• None.

RICHMOND, Va., Jan. 28, 2022 (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 first quarter of 2021. Based on the Company’s common stock closing price of $39.61 on January 27, 2022, the dividend yield is approximately 2.8%. The common stock dividend is payable on February 25, 2022 to common shareholders of record as of February 11, 2022.

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 March 1, 2022 to holders of record as of February 14, 2022.

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 130 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; Dixon, Hubard, Feinour & Brown, Inc., which provides 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 (AUB)?

Atlantic Union Bankshares Corporation has declared a dividend of $0.28 per share.

When is the dividend payable for AUB?

The dividend is payable on February 25, 2022.

What is the record date for the AUB dividend?

The record date for the dividend is February 11, 2022.

What is the dividend yield for AUB based on recent stock prices?

The dividend yield for AUB is approximately 2.8%.