CHARLESTON, W.Va. - United Bankshares Inc., the parent company of United Bank, announced Monday its board of directors has declared a third-quarter dividend of 31 cents a share payable to shareholders of record as of Sept. 13.
The dividend payout on the company's 50.4 million shares will total about $15.6 million and will be paid Oct. 1. The company's total annual dividend of $1.24 equates to a yield of about 4.3 percent based on the company's recent stock price.
United has increased its dividend to shareholders for 39 consecutive years.
With $8.5 billion in assets, United Bankshares has 114 full-service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C.