United Community Banks (UCBI) Raises Quarterly Dividend 20% to $0.12; 1.6% Yield

United Community Banks (NASDAQ: UCBI) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.1.

The dividend will be payable on April 5, 2018, to stockholders of record on March 15, 2018, with an ex-dividend date of March 14, 2018.

The annual yield on the dividend is 1.6 percent.

CEO Jimmy Tallent stated, “We are excited about United’s growth and profitability outlook in 2018 and beyond, and our increased $0.12 quarterly dividend reflects this optimism. It represents 33% growth over last year’s dividend and 20% growth over last quarter.”

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

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