July 29, 2011
/PRNewswire/ -- Union First Market Bankshares Corporation (the "Company") (NASDAQ: UBSH) has declared a quarterly dividend of
per share. This dividend is the same as the prior quarter dividend and represents a 16.7% increase from the
quarterly dividend paid on
August 31, 2010
Net income available to common shareholders, which deducts dividends and discount accretion on preferred stock from net income, was
for the prior year's second quarter.
Based on the stock's closing price of
July 26, 2011
, the dividend yield is 2.24%. The dividend is payable on
August 31, 2011
to shareholders of record as of
August 19, 2011
ABOUT UNION FIRST MARKET BANKSHARES CORPORATION
, Union First Market Bankshares Corporation is the holding company for Union First Market Bank, which has 99 branches and more than 160 ATMs throughout
. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Union First Market Bank also owns a non-controlling interest in Johnson Mortgage Company, LLC.
Additional information is available on the Company's website at
. The shares of the Company are traded on the NASDAQ Global Select Market under the symbol "UBSH."
SOURCE Union First Market Bankshares Corporation