United Bankshares Declares Second Quarter Dividend

Rhea-AI Summary

United Bankshares, Inc. (NASDAQ: UBSI) has declared a second quarter dividend of $0.36 per share, totaling approximately $48.7 million, payable on July 1, 2022, to shareholders of record as of June 10, 2022. This marks the 48th consecutive year of dividend increases for the company, a notable achievement shared by only one other major US banking institution. As of March 31, 2022, United reported consolidated assets of around $29.4 billion, reflecting its robust market position.

Positive

• Declared a second quarter dividend of $0.36 per share.
• Total dividend payout of approximately $48.7 million.
• Achieved 48 consecutive years of dividend increases.

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• None.

WASHINGTON & CHARLESTON, W.V.--(BUSINESS WIRE)-- United Bankshares, Inc. (“United”)(NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.36 per share for shareholders of record as of June 10, 2022.

The dividend payout of approximately $48.7 million on 135.3 million shares is payable July 1, 2022. The year of 2021 represented the 48th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.

As of March 31, 2022, United had consolidated assets of approximately $29.4 billion. 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/20220512005834/en/

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.