Key Developments For United Bankshares Inc
United Bankshares Inc (UBSI.O) (Nasdaq)
United Bankshares, Inc. Declares Q4 2009 Dividend
United Bankshares, Inc. announced that its Board of Directors declared a fourth quarter dividend of $0.30 per share for shareholders of record as of December 11, 2009.
United Bankshares, Inc. Declares Third Quarter Dividend
United Bankshares, Inc. announced that it has declared a third quarter dividend of $0.29 per share for shareholders of record as of September 11, 2009.
United Bankshares, Inc. Declares Second Quarter Dividend
United Bankshares, Inc. announced that its Board of Directors declared a second quarter dividend of $0.29 per share for shareholders of record as of June 12, 2009. The dividend payout of approximately $12.6 million on 43.4 million shares is payable July 1, 2009.
United Bankshares, Inc. Receives Preliminary Approval To Participate In U.S. Treasury Capital Purchase Program
United Bankshares, Inc. announced that it has received preliminary approval from the U.S. Department of the Treasury (Treasury) to participate in its Capital Purchase Program (CPP). As a participant in the CPP, United could receive up to $197.28 million in capital from the Treasury in exchange for the issuance of shares of preferred stock and warrants for shares of United’s common stock. The preferred stock would pay a 5% dividend for the first five years, after which the rate would increase to 9% if the preferred shares are not redeemed by United. Receipt of the funding is subject to shareholder approval to allow United to issue preferred stock, acceptance of the terms of the securities purchase agreement and related documents in satisfaction of closing conditions.
United Bankshares, Inc. Increases Dividend
United Bankshares, Inc. announced that its Board of Directors has declared a fourth quarter dividend of $0.29 per share for shareholders of record as of December 12, 2008. Dividends per share of $1.16 for fiscal 2008 represents an increase of approximately 3% over the $1.13 per share paid for fiscal 2007.
