Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)

NEWS PROVIDED BY:
Business Wire

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (UBSI) (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.31 per share for shareholders of record as of September 14, 2012.

The dividend payout of approximately $15.6 million on 50.3 million shares is payable October 1, 2012. The annualized 2012 dividend of $1.24 equates to a yield of approximately 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 38 consecutive years.

United Bankshares, with $8.5 billion in assets, has 123 full-service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI."

www.ubsi-inc.com

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120827005951r1&sid=acqr4&distro=nx

United Bankshares, Inc.
Steven E. Wilson, 800-445-1347 ext. 870
Chief Financial Officer

Source: United Bankshares, Inc.

Copyright Business Wire 2012