Aug. 30, 2010 (Business Wire) -- 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 10, 2010. This is a 3% increase over the $0.29 per share paid in the third quarter of 2009.
The dividend payout of approximately $13.1 million on 43.6 million shares is payable October 1, 2010. The annualized 2010 dividend of $1.20 equates to a yield of approximately 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 36 consecutive years.
United Bankshares, with $7.5 billion in assets, has 113 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."
United Bankshares, Inc.
Steven E. Wilson, Chief Financial Officer,
800-445-1347 ext. 8704,
www.ubsi-inc.com
