United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.31 per share for shareholders of record as of June 8, 2012.
The dividend payout of approximately $15.6 million on 50.3 million shares is payable July 2, 2012. The annualized 2012 dividend of $1.24 equates to a yield of approximately 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 38 consecutive years.
United Bankshares, with $8.5 billion in assets, has 123 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."