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 $0.25 per share, consistent with previous quarters. Based on a closing stock price of $33.59 on January 28, 2021, this represents a 3.0% dividend yield. The dividend is payable on February 26, 2021 to shareholders on record as of February 12, 2021. Additionally, the Board declared a dividend of $171.88 per share on its 6.875% Perpetual Non-Cumulative Preferred Stock, payable on March 1, 2021.

Positive

• Quarterly dividend of $0.25 per share indicates stability.
• Dividend yield at 3.0% may attract income-focused investors.

Negative

• None.

RICHMOND, Va., Jan. 28, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.25 per share of common stock. The common stock dividend amount is the same as that paid in the prior quarter and the first quarter of 2020.

Based on the Company’s common stock closing price of $33.59 on January 28, 2021, the dividend yield is approximately 3.0%. The common stock dividend is payable on February 26, 2021 to common shareholders of record as of February 12, 2021.

The Board also declared a quarterly dividend on the outstanding shares of its 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, 2021 to holders of record as of February 12, 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 134 branches and approximately 155 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., and Dixon, Hubard, Feinour, & Brown, Inc., which provide investment advisory services; Middleburg Investment Services, 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 AUB in February 2021?

The dividend amount for AUB is $0.25 per share.

When is the dividend payable for AUB?

The dividend is payable on February 26, 2021.

What is the dividend yield for AUB based on January 28, 2021 stock price?

The dividend yield is approximately 3.0%.

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

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

When is the Series A preferred stock dividend payable?

The Series A preferred stock dividend is payable on March 1, 2021.