41st Consecutive Year of Dividend Increases for United Bankshares
United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.32 per share for shareholders of record as of December 12, 2014. Dividends per share of $1.28 for the year 2014 represents an increase over the $1.25 per share paid for the year of 2013. The dividend payout of approximately $22.1 million on 69.2 million shares is payable January 2, 2015.
The year 2014 marks the 41st consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for 41 consecutive years. “This achievement is evidence of United’s long track record of consistent profitability, solid asset quality, and sound capital position,” stated Richard M. Adams, United’s Chairman of the Board and Chief Executive Officer.
United has consolidated assets of approximately $12.1 billion with 131 full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI“.
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