United Bankshares, Inc. (NASDAQ:UBSI) will begin trading ex-dividend on September 10, 2020. The 3Q20 dividend payment of $ 0.35 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 5.44 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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United Bankshares, Inc. recently reported second quarter financial results on July 24, 2020, before market open, the Charleston based company revealed income for the second quarter of $ 0.44 per share, from the revenue of $ 258.99 million. The quarterly earnings swell 154.76 percent while revenues compared with the same quarter last year.
According to street consensus, UBSI was expected to report 2Q20 income of $ 0.43 per share from revenue of $ 220.50 million. The bottom line results beat street analysts by $ 0.01 or 2.33 percent, at the same time, top line results outshined analysts by $ 38.49 million or 17.46 percent.
Stock Performance
Shares of United Bankshares, Inc. traded low $ -1.32 or -4.88 percent on Tuesday, reaching $ 25.72 with volume of 459.30 thousand shares. United Bankshares, Inc. has traded high as $ 26.74 and has cracked $ 25.36 on the downward trend
According to the previous trading day, closing price of $ 25.72, representing a 37.47 % increase from the 52 week low of $ 19.67 and a 33.56 % decrease over the 52 week high of $ 40.70.
The company has a market capital of $ 3.34 billion and is part of the Financial Services sector and Banks – Regional – US industry.
United Bankshares, Inc., a financial holding company, 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.
