United Community Banks, Inc. Announces Quarterly Cash Dividend on Common and Preferred Stock

Rhea-AI Summary

United Community Banks (NYSE: UCB) has announced its quarterly cash dividend payments. The Board approved a $0.24 per share dividend on common stock, payable January 6, 2025, to shareholders of record as of December 16, 2024. Additionally, a $429.6875 per share dividend was approved on the 6.875% Non-Cumulative Perpetual Preferred Stock, Series I, payable December 16, 2024, to shareholders of record on November 29, 2024. The company reports $27.4 billion in assets and operates 202 offices across six states, with notable recognition including J.D. Power awards and American Banker's 'Best Banks to Work For' distinction.

Positive

• Maintains consistent dividend payment of $0.24 per share
• Strong asset base of $27.4 billion
• Extensive network of 202 offices across six states
• Recognized with multiple industry awards indicating strong market position

Negative

• None.

News Market Reaction – UCB

+1.20%

+1.20% Session move

In the trading session that priced this news, UCB gained 1.20%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GREENVILLE, S.C., Nov. 14, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), reported that its Board of Directors approved a quarterly cash dividend of $0.24 per share on the Company’s common stock. The dividend is payable January 6, 2025 to shareholders of record as of December 16, 2024.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). The dividend is payable December 16, 2024 to shareholders of record on November 29, 2024.

About United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of September 30, 2024, United Community Banks, Inc. had $27.4 billion in assets, 202 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10- time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the “Best Banks to Work For” for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at ucbi.com.

For more information:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com

FAQ

What is United Community Banks' (UCB) latest quarterly dividend amount for common stock?

UCB's latest quarterly dividend for common stock is $0.24 per share, payable January 6, 2025, to shareholders of record as of December 16, 2024.

When is UCB's next preferred stock dividend payment date?

UCB's preferred stock dividend payment date is December 16, 2024, for shareholders of record on November 29, 2024.

How many branch locations does UCB currently operate?

As of September 30, 2024, UCB operates 202 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

What is UCB's total asset value as of September 30, 2024?

UCB reported total assets of $27.4 billion as of September 30, 2024.