United Bankshares Declares Third Quarter Dividend
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."
United Bankshares, Inc.
Steven E. Wilson, 800-445-1347 ext. 870
Chief Financial Officer
Source: United Bankshares, Inc.Copyright Business Wire 2012