United Bankshares Declares Second Quarter Dividend

Rhea-AI Summary

United Bankshares, Inc. (NASDAQ: UBSI) declared a second quarter dividend of $0.35 per share, payable on July 1, 2021, to shareholders of record by June 11, 2021. This payout totals approximately $45.2 million on 129.2 million shares and marks the 47th consecutive year of dividend increases for United, a notable achievement among major U.S. banking companies. As of March 31, 2021, United's consolidated assets stood at around $27.0 billion, proving its strong position as the largest community bank in the D.C. Metro region.

Positive

• Dividend increase to $0.35 per share reflects consistent financial performance.
• 47 consecutive years of dividend increases enhances shareholder confidence.
• Strong asset base of approximately $27.0 billion indicates financial stability.

Negative

• None.

United Bankshares, Inc. (“United”)(NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.35 per share for shareholders of record as of June 11, 2021.

The dividend payout of approximately $45.2 million on 129.2 million shares is payable July 1, 2021. The year of 2020 represented the 47th 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, 2021, United had consolidated assets of approximately $27.0 billion. United is the parent company of United Bank, the largest community bank headquartered in the D.C. Metro region. United Bank has 223 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and the nation’s capital.

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/20210512006028/en/

FAQ

What is the dividend amount declared by UBSI for Q2 2021?

The dividend amount declared by United Bankshares, Inc. for Q2 2021 is $0.35 per share.

When is the dividend payable for UBSI?

The dividend for UBSI is payable on July 1, 2021.

What is the total dividend payout for UBSI in Q2 2021?

The total dividend payout for UBSI in Q2 2021 is approximately $45.2 million.

How many years has UBSI increased its dividend?

United Bankshares, Inc. has increased its dividend for 47 consecutive years.

What are the consolidated assets of UBSI as of March 31, 2021?

As of March 31, 2021, United Bankshares, Inc. had consolidated assets of approximately $27.0 billion.