33rd Consecutive Year of Dividend Increases for United Bankshares.WASHINGTON & CHARLESTON, W. Va. -- United Bankshares, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : UBSI) today announced that its Board of Directors declared a fourth quarter dividend of 28o per share for shareholders of record as of December 8, 2006. 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 $1.09 for the year 2006 represents a 4% increase over the $1.05 per share paid for 2005. The dividend payout of approximately $11.5 million on 41.1 million shares is payable January 2, 2007. The year 2006 is the 33rd consecutive year of dividend increases to United shareholders. During this time period, the dividend has increased from 6o to $1.09, which represents an annual compound growth rate of approximately 10%. 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 2006 dividend of $1.12 equates to a yield of approximately 3% based on recent UBSI market prices. United Bankshares, with $6.6 billion in assets, has 90 full-service offices in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Virginia, Maryland, Ohio, and Washington, D.C. United D.C. United is a professional soccer club located in Washington, D.C. that participates in Major League Soccer. The club's official nickname is the "Black-and-Red" and home uniforms are black and white with accents of red. The team's name refers to Washington, D.C. Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI". |
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