48th Consecutive Year of Dividend Increases for United Bankshares, Inc.

Rhea-AI Summary

United Bankshares, Inc. (UBSI) declared a fourth quarter dividend of $0.36 per share, with a record date of December 2, 2021. The total dividend for 2021 amounts to $1.41 per share, marking an increase from $1.40 in 2020. The total payout of approximately $46.5 million on 129.2 million shares will be distributed on January 3, 2022. This year represents the 48th consecutive year of dividend increases, positioning United as one of only two major U.S. banking firms with such a record.

Positive

• Dividend increased to $1.41 per share for 2021, up from $1.40 in 2020.
• Declared fourth quarter dividend of $0.36 per share.
• Total dividend payout of approximately $46.5 million on 129.2 million shares.
• 48 consecutive years of dividend increases, showcasing stability and confidence.

Negative

• None.

WASHINGTON & CHARLESTON, W.V.--(BUSINESS WIRE)-- United Bankshares, Inc. (“United”) (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.36 per share for shareholders of record as of December 2, 2021. Dividends per share of $1.41 for the year 2021 represents an increase over the $1.40 per share paid for the year of 2020. The dividend payout of approximately $46.5 million on 129.2 million shares is payable January 3, 2022.

The year 2021 marks the 48th consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for at least 48 consecutive years.

United is the parent company of United Bank which has 220 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.

www.ubsi-inc.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211119005639/en/

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.

FAQ

What is the dividend amount declared by United Bankshares, Inc. (UBSI)?

The dividend amount declared for the fourth quarter is $0.36 per share.

When will the dividend be paid to shareholders of UBSI?

The dividend will be paid on January 3, 2022.

What was the total dividend amount for the year 2021 for UBSI?

The total dividend amount for 2021 was $1.41 per share.

How many consecutive years has UBSI increased its dividend?

UBSI has increased its dividend for 48 consecutive years.