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United Stock To Go Ex-dividend Tomorrow (UBSI)

NEW YORK ( TheStreet) -- The ex-dividend date for United Bankshares (Nasdaq: UBSI) is tomorrow, June 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $23.25 as of 11:07 a.m. ET, the dividend yield is 5.3%.

The average volume for United has been 141,900 shares per day over the past 30 days. United has a market cap of $996 million and is part of the financial sector and banking industry. Shares are down 21.2% year to date as of the close of trading on Monday.

United Bankshares, Inc., through its subsidiaries, provides various commercial and retail banking services and products. The company has a P/E ratio of 13.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates United as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full United Ratings Report.

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