WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (UBSI) (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.34 per share for shareholders of record as of December 8, 2017. Dividends per share of $1.33 for the year 2017 represents an increase over the $1.32 per share paid for the year of 2016. The dividend payout of approximately $35.7 million on 105.0 million shares is payable January 2, 2018.
The year 2017 marks the 44th 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 44 consecutive years.
United has consolidated assets of approximately $19.1 billion with 144 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."
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United Bankshares, Inc.
W. Mark Tatterson, 800-445-1347 ext. 8716
Chief Financial Officer
Source: United Bankshares, Inc.Copyright Business Wire 2017