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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., Oct. 29, 2020 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.25 per share of common stock. The common stock dividend amount is the same as that paid in the prior quarter and the fourth quarter of 2019.
Based on the Company’s common stock closing price of $24.45 on October 28, 2020, the dividend yield is approximately 4.1%. The common stock dividend is payable on November 27, 2020 to common shareholders of record as of November 13, 2020.
The Board also declared a quarterly dividend on the outstanding shares of its 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 December 1, 2020 to holders of record as of November 16, 2020.
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 135 branches and approximately 155 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., and Dixon, Hubard, Feinour, & Brown, Inc., which provide investment advisory services; Middleburg Investment Services, 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
