RICHMOND, Va., May 01, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation has declared a quarterly dividend of $0.21 per share. The dividend amount is the same as the prior quarter’s dividend and is a $0.01, or 5%, per share increase from the prior year’s quarterly dividend level.
Based on the stock’s closing price of $38.45 on April 27, 2018, the dividend yield is approximately 2.2%. The dividend is payable on May 25, 2018 to shareholders of record as of May 11, 2018.
ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ:UBSH) is the holding company for Union Bank & Trust, which has 150 branches, 39 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, and approximately 216 ATMs located throughout Virginia and in portions of Maryland and North Carolina. Union Bank & Trust also operates Shore Premier Finance, a specialty marine lender. 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. and Dixon, Hubard, Feinour, & Brown, Inc., which both provide investment advisory services, and Union Insurance Group, LLC, which offers various lines of insurance products.
Contact: Bill Cimino (804) 448-0937, VP and Director of Investor Relations