26th Consecutive Year of Dividend Increases for United Bankshares.PARKERSBURG, W.Va.--(BUSINESS WIRE)--Nov. 22, 1999-- United Bankshares, Inc. (UBSI) declared a fourth quarter dividend of 21 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for shareholders of record as of December 10, 1999. This is a 5% increase over the 20 cents paid in the fourth quarter of 1998 and is equal to the third quarter of 1999 dividend. Dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. of 82 cents for 1999 represent a 9% increase over the 75 cents per share paid for 1998. The dividend payout of approximately $8.9 million on forty-three million shares is payable January 3, 2000. The year 1999 is the 26th consecutive year of dividend increases. The annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. fourth quarter 1999 dividend of 84 cents equates to a yield of approximately 3.4% based on recent UBSI market prices. United Bankshares stock is traded on the NASDAQ (National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Quotation System) National Market System under the quotation symbol "UBSI". |
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