July 25, 2013
/PRNewswire/ -- Union First Market Bankshares Corporation has declared a quarterly dividend of
per share. The dividend amount is a
per share, or 8% increase from the previous quarterly dividend rate and is a 40% increase over the dividend rate for the same quarter last year.
Second quarter reported net income was
per fully diluted share, and includes after tax expenses of
related to the acquisition of StellarOne Corporation, compared to
per share in the first quarter and
per share in the second quarter last year.
Based on the stock's closing price of
July 24, 2013
, the dividend yield is approximately 2.5%. The dividend is payable on
August 30, 2013
to shareholders of record as of
August 16, 2013
ABOUT UNION FIRST MARKET BANKSHARES CORPORATION
, Union First Market Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union First Market Bank, which has 90 branches and more than 150 ATMs throughout Virginia. 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, L.L.C.
Additional information on the Company is available at
SOURCE Union First Market Bankshares Corporation