WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.32 per share for shareholders of record as of September 12, 2014.
The dividend payout of approximately $22.1 million on 69.2 million shares is payable October 1, 2014. The annualized 2014 dividend of $1.28 equates to a yield of approximately 4% based on recent UBSI market prices. United has increased its dividend to shareholders for 40 consecutive years.
United Bankshares, with $12.1 billion in assets, has 132 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."