Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
The Board of Directors of Atlantic Union Bankshares Corporation (AUB) has declared a quarterly dividend of $0.30 per share, maintaining the same dividend as the previous quarter and reflecting a 7.1% increase from the same quarter 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
The Board of Directors of Atlantic Union Bankshares Corporation (AUB) has declared a quarterly dividend of $0.30 per share, maintaining the same dividend as the previous quarter and reflecting a 7.1% increase from the same quarter last year. With a closing stock price of $33.71 on October 26, 2022, this results in a dividend yield of approximately 3.6%. The dividend is payable on November 25, 2022, to shareholders on record as of November 11, 2022. Additionally, a dividend of $171.88 per share for the Series A preferred stock will be paid on December 1, 2022.
Positive
- Quarterly dividend of $0.30 per share reflects a 7.1% increase year-over-year.
- Dividend yield of approximately 3.6% based on recent stock price.
- Commitment to returning value to shareholders indicated by consistent dividends.
Negative
- None.
Details
News Market Reaction – AUB
The recorded move for AUB in the trading session of this news was +1.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RICHMOND, Va., Oct. 27, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of
The Board also declared a quarterly dividend on the outstanding shares of the Company’s
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 114 branches and approximately 130 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; 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
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