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

Rhea-AI Summary

United Community Banks, Inc. (NASDAQ: UCBI) declared a quarterly cash dividend of $0.22 per share on common stock, payable on October 5, 2022 to shareholders of record as of September 15, 2022.

Additionally, a dividend of $429.6875 per share on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock (NASDAQ: UCBIO) was approved, payable on September 15, 2022 to shareholders of record on August 31, 2022.

Positive

• Approval of a quarterly cash dividend of $0.22 per share indicates strong financial health.
• The company continues to return value to shareholders through consistent dividends.

Negative

• None.

GREENVILLE, S.C., Aug. 18, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.22 per share on the Company’s common stock. The dividend is payable October 5, 2022 to shareholders of record as of September 15, 2022.

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 September 15, 2022 to shareholders of record on August 31, 2022.

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. As of June 30, 2022, United had $24.2 billion in assets and 195 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee, along with a national SBA lending franchise and a national equipment lending subsidiary. The company, known as “The Bank That SERVICE Built,” has been recognized nationally for delivering award-winning service. In 2022, J.D. Power ranked United highest in customer satisfaction with consumer banking in the Southeast, marking eight out of the last nine years United earned the coveted award. Forbes recognized United as one of the top ten World’s Best Banks in 2022. Forbes also included United on its 2022 list of the 100 Best Banks in America for the ninth consecutive year. United also received ten Greenwich Excellence Awards in 2021 for excellence in Small Business Banking and Middle Market Banking, including national awards for Overall Satisfaction and Likelihood to Recommend. United was also named one of the "Best Banks to Work For" by American Banker in 2021 for the fifth consecutive year based on employee 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 dividend amount declared by UCBI for October 2022?

United Community Banks, Inc. declared a dividend of $0.22 per share for October 2022.

When is the dividend payable to UCBI shareholders?

The dividend is payable on October 5, 2022, to shareholders of record as of September 15, 2022.

What is the dividend on UCBI's preferred stock?

UCBI declared a quarterly cash dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock.

When will the preferred stock dividend be paid?

The preferred stock dividend is payable on September 15, 2022, to shareholders of record on August 31, 2022.