WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.33 per share for shareholders of record as of September 9, 2016.
The dividend payout of approximately $25.2 million on 76.4 million shares is payable October 3, 2016. United has increased its dividend to shareholders for 42 consecutive years. Only one other major banking company in the USA has achieved such a dividend record.
United Bankshares, with $14.3 billion in assets, has 129 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."