CHARLESTON, W.Va. -- United Bankshares Inc. has declared a first quarter dividend of 32 cents a share for shareholders of record as of March 14.
The total dividend payout on the company's 68.8 million shares equates to nearly $22 million. It will be paid April 1 to all shareholders of record as of March 14.
On an annualized basis, United's dividend $1.28-a-share full-year dividend represents a yield of about 4.5 percent, based on the company's recent stock price.
United has raised its dividend 40 years in a row. Only one other major banking company in the U.S. has achieved such a dividend record.