United Community Banks (UCBI) Raises Quarterly Dividend 6.7% to $0.16, 2.5% Yield; Boosts Share Buyback Authorization to $50M

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Go back to United Community Banks (UCBI) Raises Quarterly Dividend 6.7% to $0.16, 2.5% Yield; Boosts Share Buyback Authorization to $50M

United Community Banks, Inc. Announces Quarterly Cash Dividend Increase and a Share Repurchase Program Increase

November 8, 2018 4:30 PM EST

BLAIRSVILLE, Ga., Nov. 08, 2018 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.16 per common share.  The dividend is payable January 7, 2019 to shareholders of record on December 15, 2018.  This represents the 5th such increase in the dividend over the past eight quarters and a 60% increase over the quarterly dividend a year ago.

The Board of Directors also authorized an increase in the Companys repurchase program to $50 million of its... More