WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--
United Bankshares, Inc. (NASDAQ: UBSI)
today announced that its Board of Directors declared a fourth quarter
dividend of $0.32 per share for shareholders of record as of December
12, 2014. Dividends per share of $1.28 for the year 2014 represents an
increase over the $1.25 per share paid for the year of 2013. The
dividend payout of approximately $22.1 million on 69.2 million shares is
payable January 2, 2015.
The year 2014 marks the 41st 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 41
consecutive years. “This achievement is evidence of United’s long track
record of consistent profitability, solid asset quality, and sound
capital position,” stated Richard M. Adams, United’s Chairman of the
Board and Chief Executive Officer.
United has consolidated assets of approximately $12.1 billion with 131
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. 8704
Source: United Bankshares, Inc.