United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2012 dividend of $0.31 per share for shareholders of record as of March 9, 2012.
The dividend payout of approximately $15.6 million on 50.2 million shares is payable April 2, 2012. The annualized 2012 dividend of $1.24 per share equates to a yield over 4% based on recent UBSI market prices. The dividend of $1.21 per share for year of 2011 represented the thirty-eighth consecutive year of dividend increases for United shareholders.
United has consolidated assets of approximately $8.5 billion with 126 full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol " UBSI".