United Bankshares hikes dividend by 2.9%

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United Bankshares (UBSI) will raise its quarterly dividend by 2.9 percent to 0.35 per share in the fourth quarter of 2019. This marks the 46th consecutive year of annual dividend increases by the bank holding company.

The dividend is payable January 2, 2020 to shareholders of record as of December 13, 2019. A new annual rate of $1.40 per share yields 3.7% at a stock price of $38.

The year 2019 marks the 46th consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for at least 46 consecutive years.

United Bankshares, Inc. (United) is a bank holding company. Its subsidiaries offer a range of commercial and retail banking services and products through the company’s full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C. United was incorporated on March 26, 1982.

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