United Bankshares Declares First Quarter Dividend
WASHINGTON & CHARLESTON, W. Va. -- February 24, 2014
United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of
Directors declared a first quarter 2014 dividend of $0.32 per share for
shareholders of record as of March 14, 2014.
The dividend payout of approximately $22.0 million on 68.8 million shares is
payable April 1, 2014. The annualized 2014 dividend of $1.28 per share equates
to a yield of approximately 4.5% based on recent UBSI market prices. The year
of 2013 represented the 40th consecutive year of dividend increases for United
shareholders. Only one other major banking company in the USA has achieved
such a dividend record.
Recently, United completed its acquisition of Virginia Commerce Bancorp, Inc.
(“Virginia Commerce”). The acquisition of Virginia Commerce significantly
enhances United’s existing footprint in the Washington, D.C. Metropolitan
United now has consolidated assets over $11.5 billion with 133 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, Chief Financial Officer
800-445-1347 ext. 8704
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