United Community Banks (UCBI) Raises Quarterly Dividend 12.5% to $0.09; 1.3% Yield

United Community Banks (NASDAQ: UCBI) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 12.5% increase from the prior dividend of $0.08.

The dividend will be payable on April 5, 2017, to stockholders of record on March 15, 2017, with an ex-dividend date of March 13, 2017.

The annual yield on the dividend is 1.3 percent.

“Following an exceptional year for United and a solid ending to 2016, our Board increased the quarterly cash dividend to nine cents per share for the first quarter of 2017,” stated Jimmy Tallent, chairman and chief executive officer. “This is 13 percent higher than our fourth quarter dividend and a 33 percent increase from a year ago.”

For a dividend history and other dividend-related data on United Community Banks (UCBI) click here.

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