WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2019 dividend of $0.34 per share for shareholders of record as of March 8, 2019.
The dividend payout of approximately $34.7 million on 102.1 million shares is payable April 1, 2019. The year of 2018 represented the 45th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.
United has consolidated assets of approximately $19.3 billion. United is the parent company of United Bank, the largest community bank headquartered in the D.C. Metro region. United Bank, which comprises 139 full-service banking offices and 21 George Mason Mortgage, LLC locations, is located throughout Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania and Washington, D.C. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI.”