United Bankshares (UBSI) Declares $0.33 Quarterly Dividend; 3.9% Yield; Authorizes New 2M Share Buyback Program

Dividend Payment

United Bankshares (NASDAQ: UBSI) declared a quarterly dividend of $0.33 per share, or $1.32 annualized.

The dividend will be payable on October 2, 2017, to stockholders of record on September 8, 2017, with an ex-dividend date of September 7, 2017.

The annual yield on the dividend is 3.9 percent.

New Repurchase Authorization

At the August 28, 2017 board meeting, the Board of Directors also approved a new plan to repurchase, on the open market at prevailing prices, up to 2 million of the issued and outstanding shares of United’s common stock. The new plan replaces the prior repurchase plan approved by United’s Board of Directors in May of 2006.

The timing, price and quantity of purchases under the stock repurchase plan will be at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. United’s management feels the stock repurchase plan, depending upon market and business conditions, will provide capital management opportunities and build value for the Company’s shareholders.

For a dividend history and other dividend-related data on United Bankshares (UBSI) click here.

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