WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--
United Bankshares, Inc. (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."
View source version on businesswire.com: http://www.businesswire.com/news/home/20171110005568/en/
United Bankshares, Inc.
W. Mark Tatterson, 800-445-1347 ext. 8716
Chief
Financial Officer
Source: United Bankshares, Inc.