WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.31 per share for shareholders of record as of June 14, 2013.
The dividend payout of approximately $15.6 million on 50.3 million shares is payable July 1, 2013. The annualized 2013 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 39 consecutive years.
United Bankshares, with $8.3 billion in assets, has 115 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."