United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

United Community Banks, Inc. (NASDAQ: UCBI) has declared a quarterly cash dividend of $0.20 per share on its common stock, payable on January 5, 2022, to shareholders who are recorded as of December 15, 2021.

Additionally, the Board approved a dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO), payable on December 15, 2021, to shareholders of record as of November 30, 2021.

Positive

• Approval of a quarterly cash dividend of $0.20 per share indicates strong financial performance.
• Recognition as one of the 'Best Banks to Work For' and high customer satisfaction rankings enhance company reputation.

Negative

• None.

GREENVILLE, S.C., Nov. 10, 2021 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.20 per share on the Company’s common stock. The dividend is payable January 5, 2022 to shareholders of record as of December 15, 2021.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO). The dividend is payable December 15, 2021 to shareholders of record on November 30, 2021.

About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQGS: UCBI) provides a full range of banking, wealth management and mortgage services for relationship-oriented consumers and business owners. The company, known as “The Bank That SERVICE Built,” has been recognized nationally for delivering award-winning service. United has $20.2 billion in assets and 171 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee along with a national SBA lending franchise and a national equipment lending subsidiary. In 2021, J.D. Power ranked United highest in customer satisfaction with retail banking in the Southeast, marking seven out of the last eight years United earned the coveted award. United was also named one of the "Best Banks to Work For" by American Banker in 2021 for the fifth year in a row based on employee satisfaction. Forbes included United in its inaugural list of the World’s Best Banks in 2019 and again in 2020. Forbes also recognized United on its 2021 list of the 100 Best Banks in America for the eighth consecutive year. United also received five Greenwich Excellence Awards in 2020 for excellence in Small Business Banking, including a national award for Overall Satisfaction. Additional information about United can be found at www.ucbi.com.

For more information:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com

FAQ

What is the amount of the dividend declared by United Community Banks, Inc. for Q4 2021?

United Community Banks, Inc. declared a cash dividend of $0.20 per share on its common stock for Q4 2021.

When is the dividend payment date for UCBI's common stock?

The dividend payment date for UCBI's common stock is January 5, 2022.

What is the dividend amount for United's preferred stock, Series I?

The dividend amount for United's preferred stock, Series I, is $429.6875 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on December 15, 2021.

Who are the shareholders of record for the upcoming dividend payments?

Shareholders of record for the common stock must hold shares by December 15, 2021, and for the preferred stock by November 30, 2021.