United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.30 per share for shareholders of record as of September 9, 2011.
The dividend payout of approximately $15.1 million on 50.2 million shares is payable October 3, 2011. The annualized 2011 dividend of $1.20 equates to a yield above 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 37 consecutive years.
United Bankshares, with $8.4 billion in assets, has 126 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."