49th Consecutive Year of Dividend Increases for United Bankshares, Inc.

Rhea-AI Summary

United Bankshares, Inc. (NASDAQ: UBSI) declared a fourth quarter dividend of $0.36 per share, marking an increase from $1.41 in 2021 to $1.44 for 2022. The total dividend payout amounts to approximately $48.5 million, affecting 134.7 million shares, and will be paid on January 3, 2023 to shareholders of record as of December 9, 2022. This is the 49th consecutive year of dividend increases for United, making it one of only two primary banking companies in the USA with such a long history.

Positive

• Dividend increase to $1.44 per share for 2022.
• Total dividend payout of approximately $48.5 million.

Negative

• None.

WASHINGTON & CHARLESTON, W.Va.--(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 9, 2022. Dividends per share of $1.44 for the year 2022 represents an increase over the $1.41 per share paid for the year of 2021. The dividend payout of approximately $48.5 million on 134.7 million shares is payable January 3, 2023.

The year 2022 marks the 49th 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 49 consecutive years.

United is the parent company of United Bank which comprises nearly 250 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/20221118005568/en/

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.

FAQ

What is the dividend amount declared by UBSI for Q4 2022?

UBSI declared a fourth quarter dividend of $0.36 per share.

When will the UBSI dividend be paid?

The UBSI dividend will be paid on January 3, 2023.

What was the total dividend payout for UBSI in 2022?

The total dividend payout for UBSI in 2022 was approximately $48.5 million.

How many consecutive years has UBSI increased its dividend?

UBSI has increased its dividend for 49 consecutive years.