United Bankshares, Inc. (NASDAQ:UBSI) Plans Quarterly Dividend of $0.38

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, December 12th will be paid a dividend of 0.38 per share by the financial services provider on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, December 12th. This is a 2.7% increase from United Bankshares’s previous quarterly dividend of $0.37.

United Bankshares has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 26 consecutive years. United Bankshares has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Bankshares to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 48.1%.

United Bankshares Stock Up 1.6%

Shares of UBSI opened at $36.33 on Friday. The stock has a 50 day moving average price of $36.47 and a 200 day moving average price of $36.68. United Bankshares has a one year low of $30.50 and a one year high of $44.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.88 and a beta of 0.83.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.10. United Bankshares had a net margin of 24.37% and a return on equity of 8.15%. The company had revenue of $280.90 million for the quarter, compared to analysts’ expectations of $307.78 million. During the same quarter in the previous year, the company posted $0.70 EPS. Equities research analysts forecast that United Bankshares will post 2.81 earnings per share for the current fiscal year.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.