United Community Banks, Inc. Announces Quarterly Cash Dividend

United Community Banks, Inc. (NASDAQ: UCBI) announced a quarterly cash dividend of $0.18 per common share, payable on July 6, 2020.

Rhea-AI Summary

United Community Banks, Inc. (NASDAQ: UCBI) announced a quarterly cash dividend of $0.18 per common share, payable on July 6, 2020. Shareholders of record as of June 15, 2020 will receive this dividend, reflecting the company’s commitment to returning value to its investors. United, a significant financial institution in the Southeast with $13.1 billion in assets and 149 offices, has been recognized for its exceptional customer service, including a first-place ranking in customer satisfaction by J.D. Power.

Positive

• Quarterly cash dividend of $0.18 per share enhances shareholder value.
• Company recognized for outstanding customer service, consistently ranked first by J.D. Power.

Negative

• None.

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GREENVILLE, S.C., May 06, 2020 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.18 per common share.  The dividend is payable July 6, 2020 to shareholders of record on June 15, 2020. 

About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company headquartered in Blairsville, Georgia, with executive offices in Greenville, South Carolina. United is one of the largest full-service financial institutions in the Southeast, with $13.1 billion in assets, and 149 offices in Georgia, North Carolina, South Carolina and Tennessee. It operates principally through United Community Bank, its bank subsidiary, which specializes in personalized community banking services for individuals, small businesses and companies. Services include a full range of consumer and commercial banking products, including mortgage, advisory, and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. For six of the past seven years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast, and most recently, awarded United the highest score in overall satisfaction in the Southeast for 2020.  In 2019, Forbes magazine included United in its inaugural list of the World’s Best Banks, and in 2020, recognized United for the seventh consecutive year on its list of the 100 Best Banks in America.  United Community Bank also received the 2019 Greenwich Excellence Award for overall satisfaction in Middle Market Banking in the South and Small Business Banking Excellence Awards for both overall satisfaction and cash management in the South. Additional information about UCBI and the Bank can be found at www.ucbi.com.

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

FAQ

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What is the dividend amount for UCBI in 2020?

United Community Banks, Inc. announced a quarterly cash dividend of $0.18 per common share.

When is the dividend payable for UCBI?

The dividend is payable on July 6, 2020.

What is the record date for the UCBI dividend?

The record date for the dividend is June 15, 2020.

How does UCBI rank in customer satisfaction?

United Community Bank has been ranked first in customer satisfaction in the Southeast by J.D. Power for six of the past seven years.