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

Rhea-AI Summary

United Community Banks (NYSE: UCB) has announced its Board of Directors has approved a quarterly cash dividend on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). The dividend payment will be $429.6875 per share, which equals $0.4296875 per depositary share (1/1000th interest per share). The dividend will be paid on March 14, 2025 to shareholders of record as of February 28, 2025.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintaining preferred stock dividend indicates strong cash position

Negative

• None.

News Market Reaction – UCB

-0.92%

-0.92% Session move

In the trading session that priced this news, UCB declined 0.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GREENVILLE, S.C., Feb. 18, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”), reported that its Board of Directors 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 March 14, 2025 to shareholders of record on February 28, 2025.

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 December 31, 2024, United Community Banks, Inc. had $27.7 billion in assets, 199 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 2024, United was named by American Banker as one of the “Best Banks to Work For” for the eighth 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 the dividend amount for UCB preferred stock Series I in March 2025?

The dividend amount is $429.6875 per share, equivalent to $0.4296875 per depositary share for UCB's Series I preferred stock.

When is the ex-dividend date for UCB's preferred stock Series I Q1 2025 dividend?

Shareholders must be on record by February 28, 2025, to receive the dividend payment.

When will UCB pay its Q1 2025 preferred stock dividend?

The dividend will be paid on March 14, 2025.

What is the yield on UCB's Series I preferred stock?

The Series I preferred stock carries a 6.875% Non-Cumulative Perpetual dividend rate.