WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.32 per share for shareholders of record as of June 13, 2014.
The dividend payout of approximately $22.1 million on 69.1 million shares is payable July 1, 2014. The annualized 2014 dividend of $1.28 equates to a yield over 4% based on recent UBSI market prices. United has increased its dividend to shareholders for 40 consecutive years.
United Bankshares, with $11.9 billion in assets, has 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."