RICHMOND, Va., Oct. 27, 2017 (GLOBE NEWSWIRE) -- Union Bankshares Corporation has declared a quarterly dividend of $0.21 per share. The dividend amount is a $0.01 increase, or 5%, from the prior quarter’s dividend and is also a $0.01, or 5%, per share increase from the prior year’s quarterly dividend level.
Based on the stock’s closing price of $34.95 on October 26, 2017, the dividend yield is approximately 2.4%. The dividend is payable on November 27, 2017 to shareholders of record as of November 13, 2017.
ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ:UBSH) is the holding company for Union Bank & Trust, which has 111 banking offices and approximately 173 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products, Old Dominion Capital Management, Inc., which provides investment advisory services, and Union Insurance Group, LLC, which offers various lines of insurance products.
Additional information on the Company is available at http://investors.bankatunion.com.
Contact: Bill Cimino (804) 448-0937, VP and Director of Investor Relations
Source:Union Bankshares Corporation