United Bankshares Declares Third Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.36 per share for shareholders of record as of September 9, 2022.
The dividend payout of approximately $48.5 million on 134.6 million shares is payable October 3, 2022. The year of 2021 represented the 48th 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 June 30, 2022, United had consolidated assets of approximately $28.8 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".
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United Bankshares Inc. Stock
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With a target price of 37 € there is a positive potential of 25.85% for United Bankshares Inc. compared to the current price of 29.4 €.
