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 announced a quarterly dividend of $0.28 per share, consistent with previous quarters. This dividend, with a yield of approximately 3.2% based on a stock price of $34.47, will be payable on June 3, 2022, to shareholders on record by May 20, 2022. Additionally, a dividend of $171.88 per share on Series A preferred stock, equating to $0.43 per depositary share, will be paid on June 1, 2022, with a record date of May 17, 2022.

Positive

• Quarterly dividend of $0.28 per share consistent with previous quarters.
• Dividend yield of approximately 3.2% based on stock price.
• Confidence in shareholder returns demonstrated by consistent dividend payments.

Negative

• None.

RICHMOND, Va., May 03, 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 consistent with the first quarter of 2022 and second quarter of 2021. Based on the Company’s common stock closing price of $34.47 on May 2, 2022, the dividend yield is approximately 3.2%. The common stock dividend is payable on June 3, 2022 to common shareholders of record as of May 20, 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 June 1, 2022 to holders of record as of May 17, 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 114 branches and approximately 130 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 quarterly dividend of $0.28 per share.

When is the dividend for AUB payable?

The dividend is payable on June 3, 2022, to shareholders of record as of May 20, 2022.

What is the dividend yield for AUB?

The dividend yield is approximately 3.2% based on a closing stock price of $34.47.

What is the dividend payment date for the Series A preferred stock of AUB?

The dividend for the Series A preferred stock is payable on June 1, 2022.

What is the dividend amount for Series A preferred stock of AUB?

The dividend for Series A preferred stock is $171.88 per share, equivalent to $0.43 per depositary share.