Union Bankshares (UNB) Raises Quarterly Dividend 3.4% to $0.30; 2.4% Yield

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Union Bankshares Announces Fourth Quarter Ended December 31, 2017 Earnings and Quarterly Dividend Payment

January 17, 2018 3:30 PM EST

MORRISVILLE, Vt., Jan. 17, 2018 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ: UNB) today announced results for the three and twelve months ended December 31, 2017. Consolidated net income for the three months ended December 31, 2017 was $1.9 million, or $0.43 per share, compared to $2.3 million, or $0.53 per share, for the same period in 2016, and $8.4 million, or $1.89 per share, for the year ended December 31, 2017, compared to $8.5 million, or $1.91 per share, for the same period in 2016.

The decrease in earnings for three and twelve month comparison periods is due to a one-time charge to earnings... More