United Bankshares Declares First Quarter Dividend
United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2024 dividend of $0.37 per share for shareholders of record as of March 8, 2024.
The dividend payout of approximately $49.9 million on 135.0 million shares is payable April 1, 2024. The year of 2023 represented the 50th 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 December 31, 2023, United had consolidated assets of approximately $29.9 billion. United is the parent company of United Bank which comprises nearly 250 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".
View source version on businesswire.com: https://www.businesswire.com/news/home/20240226876156/en/
United Bankshares Inc. Stock
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As a result the target price of 37 € shows a slightly positive potential of 18.59% compared to the current price of 31.2 € for United Bankshares Inc..
