United Bankshares, Inc. (NASDAQ:
) today announced that its Board of Directors declared a fourth quarter dividend of $0.32 per share for shareholders of record as of December 13, 2013. Dividends per share of $1.25 for the year 2013 represents an increase over the $1.24 per share paid for the year of 2012. The dividend is payable January 2, 2014.
The year 2013 marks the 40th consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for 40 consecutive years. “This record is evidence of United’s consistent profitability, solid asset quality, and sound capital position over many, many years,” stated Richard M. Adams, United’s Chairman of the Board and Chief Executive Officer.
United has consolidated assets of approximately $8.5 billion with 114 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 "