Union Bankshares, Inc. Announces Quarterly Dividend of $0.36 (NASDAQ:UNB)

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Saturday, April 27th will be given a dividend of 0.36 per share by the bank on Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Thursday, April 25th.

Union Bankshares has raised its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Union Bankshares Price Performance

NASDAQ:UNB opened at $27.80 on Wednesday. The stock has a market cap of $125.63 million, a P/E ratio of 11.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80. The company has a fifty day moving average price of $29.84 and a 200 day moving average price of $29.10. Union Bankshares has a one year low of $20.07 and a one year high of $32.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Union Bankshares in a report on Sunday. They issued a “hold” rating on the stock.

About Union Bankshares

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.