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United Bankshares Declares Q3 Dividend

United Bankshares (NASDAQ: UBSI  ) is continuing to draw out shareholder payouts from its vault. The company has declared a dividend of $0.31 per share for its Q3, to be paid on Oct. 1 to stockholders of record as of Sept. 13. That amount matches the all of the company's preceding distributions stretching back to January 2012. Before that, United Bankshares was less generous by a penny, handing out $0.30 per share.

Although it didn't do so with the just-announced dividend, the company has raised its payout for 39 consecutive years.

The upcoming distribution annualizes to $1.24 per share. That yields 4.3% at United Bankshares' most recent closing stock price of $28.75.

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9/29/2016 11:12 AM
UBSI $37.72 Up +0.02 +0.05%
United Bankshares CAPS Rating: *****