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Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
RICHMOND, Va., July 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.28 per share of common stock, which is the same as the prior quarter and a 3 cent or 12% increase from the common stock dividend paid in the third quarter of 2020. Based on the Company’s common stock closing price of $35.77 on July 28, 2021, the dividend yield is approximately 3.1%. The common stock dividend is payable on August 27, 2021 to common shareholders of record as of August 13, 2021.
The Board also declared a quarterly dividend on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A preferred stock”). The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on September 1, 2021 to holders of record as of August 17, 2021.
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 129 branches and approximately 150 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Old Dominion Capital Management, Inc., and its subsidiary, Outfitter Advisors, Ltd., and Dixon, Hubard, Feinour, & Brown, Inc., which provide investment advisory services; Atlantic Union Financial Consultants, LLC, which provides 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
headquartered in richmond, virginia, union bankshares corporation (nasdaq: ubsh), is the holding company for union bank & trust (union), formerly union first market bank. union is the largest community banking institution in the commonwealth of virginia, operating in all major virginia markets, made up of 131 branches and more than 200 atms. non-bank affiliates of the holding company include: union investment services, inc., which provides full brokerage services; union mortgage group, inc., which provides a full line of mortgage products; and union insurance group, llc, which offers various lines of insurance products. additional information on the company is available at http://investors.bankatunion.com union's social community guidelines are available at http://www.bankatunion.com/home/fifiles/static/documents/socialmediacommunityguidelines.pdf member fdic | equal housing lender