39th Consecutive Year of Dividend Increases for United Bankshares
WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.31 per share for shareholders of record as of December 14, 2012. Dividends per share of $1.24 for the year 2012 represents a 2% increase over the $1.21 per share paid for the year of 2011. The dividend payout of approximately $15.6 million on 50.3 million shares is payable January 2, 2013.
The year 2012 marks the 39th consecutive year of dividend increases to United shareholders. During this 39 year period, the dividend has increased from $0.06 to $1.24, which represents an annual compound growth rate over 9%.
United has consolidated assets of approximately $8.4 billion with 123 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".
United Bankshares, Inc.
Steven E. Wilson, 800-445-1347 ext. 8704
Chief Financial Officer
KEYWORDS: United States North America District of Columbia Ohio Virginia West Virginia
The article 39th Consecutive Year of Dividend Increases for United Bankshares originally appeared on Fool.com.
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