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.
Fool contributor Eric Volkman has no position in United Bankshares. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.