Atlantic Union Bankshares Corporation Declares Quarterly Dividend
Atlantic Union Bankshares Corporation has announced a quarterly dividend of $0.25 per share, consistent with the previous quarter and reflecting a 9% increase from last year.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Atlantic Union Bankshares Corporation has announced a quarterly dividend of $0.25 per share, consistent with the previous quarter and reflecting a 9% increase from last year. The dividend yield stands at approximately 4.4%, based on the stock's closing price of $22.48 on May 4, 2020. Shareholders of record as of May 20, 2020 will receive the dividend on June 3, 2020. This dividend declaration underscores the company’s commitment to returning value to its shareholders.
Positive
- Quarterly dividend maintained at $0.25 per share.
- 9% increase in dividend compared to the prior year.
- Dividend yield of approximately 4.4% is attractive for income-focused investors.
Negative
- None.
Details
News Market Reaction – AUB
The recorded move for AUB in the trading session of this news was -6.96%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RICHMOND, Va., May 05, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of
Based on the stock’s closing price of
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (Nasdaq: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has 149 branches and approximately 170 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Middleburg Financial is a brand name used by Atlantic Union Bank and certain affiliates when providing trust, wealth management, private banking, and investment advisory products and services. Certain non-bank affiliates of Atlantic Union Bank include: Old Dominion Capital Management, Inc., and its subsidiary, Outfitter Advisors, Ltd., Dixon, Hubard, Feinour, & Brown, Inc., and Middleburg Investment Services, LLC, which provide investment advisory and/or brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.
Contact:
Bill Cimino, Senior Vice President and Director of Investor Relations 804.448.0937
FAQ
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