United Bankshares Declares Third Quarter Dividend

Rhea-AI Summary

United Bankshares, Inc. (NASDAQ: UBSI) declared a third quarter dividend of $0.35 per share for shareholders recorded as of September 10, 2021. The total payout amounts to approximately $45.2 million on 129.2 million shares, payable on October 1, 2021. This marks the 47th consecutive year of dividend increases, a record held by only one other major banking company in the USA. As of June 30, 2021, United had consolidated assets of around $27.2 billion.

Positive

• 47 consecutive years of dividend increases demonstrate financial stability.
• Dividend payout of approximately $45.2 million indicates strong cash flow.
• Consolidated assets of $27.2 billion show robust company growth.

Negative

• None.

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (“United”)(NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.35 per share for shareholders of record as of September 10, 2021.

The dividend payout of approximately $45.2 million on 129.2 million shares is payable October 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 June 30, 2021, United had consolidated assets of approximately $27.2 billion. United is the parent company of United Bank which has 222 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/20210830005517/en/

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.

FAQ

What is the dividend amount declared by UBSI for Q3 2021?

United Bankshares, Inc. declared a dividend of $0.35 per share for Q3 2021.

When is the dividend for UBSI payable?

The dividend is payable on October 1, 2021.

What is the historical significance of the dividend declared by UBSI?

This marks the 47th consecutive year of dividend increases for United Bankshares, Inc.

What is United Bankshares' stock symbol?

United Bankshares trades on NASDAQ under the symbol UBSI.

How many shares are involved in the UBSI dividend payout?

The total payout involves approximately 129.2 million shares.