United Bankshares Increases Year-to-Date Dividend.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 third quarter dividend of 27 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 September 8, 2006. The third quarter dividend of 27 cents per share represents a 4% increase over the 26 cents paid in the third quarter of 2005. 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 81 cents for the first three quarters of 2006 also represents a 4% increase over the 78 cents per share paid for the first three quarters of 2005. The dividend payout of approximately $11.2 million on 41.5 million shares is payable October 2, 2006. The year 2006 is expected to be the 33rd consecutive year of dividend increases to United shareholders. United Bankshares, with $6.7 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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