United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.30 per share for shareholders of record as of June 10, 2011.
The dividend payout of approximately $13.1 million on 43.6 million shares is payable July 1, 2011. The annualized 2011 dividend of $1.20 equates to a yield of approximately 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 37 consecutive years.
United Bankshares, with $7.2 billion in assets, has 111 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol " UBSI."