United Bankshares dividend – United Bankshares Announces 0.36 Cash Dividend

☀️Dividends Yield

On June 1 2023, United Bankshares ($NASDAQ:UBSI) Inc. announced a cash dividend of 0.36 per share for the year. This follows a string of dividend payments over the last three years that have yielded an average dividend yield of 3.76%. In 2021, the bank paid a dividend of 1.44 USD per share, followed by 1.44 USD in 2022, and 1.41 USD in 2023 to yield 3.72%, 3.82%, and 3.73% respectively. If you are looking for an investment in dividend stocks, UNITED BANKSHARES may be a viable option to consider.

You will need to be aware of the ex-dividend date of June 8 2023 in order to receive the dividend payment. The dividend payments are generally subject to tax, so it is best to consult a qualified financial advisor or tax expert about any potential tax implications before investing in UNITED BANKSHARES.

Price History

The stock of United Bankshares opened at $29.6 and closed at $30.1, up by 2.2% from the last closing price of 29.4. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for United Bankshares. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for United Bankshares. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for United Bankshares. More…

Key Ratios Snapshot

Some of the financial key ratios for United Bankshares are shown below. More…

Analysis – United Bankshares Intrinsic Stock Value

GoodWhale has conducted an analysis of UNITED BANKSHARES‘s fundamentals and found that a fair value for the stock is around $36.0, calculated by our proprietary Valuation Line. Currently, UNITED BANKSHARES stock is trading at a fair price of $30.1, which is 16.3% undervalued compared to the fair value. This suggests that there is potential to reap profits from buying and holding the stock. We believe this presents a good opportunity for investors looking to take advantage of this undervalued upside. More…

Peers

In the banking industry, United Bankshares Inc faces stiff competition from the likes of Southern Bancshares NC Inc, Waterstone Financial Inc, and Burke & Herbert Bank & Trust Co. All of these companies are vying for a share of the market, and each has its own strengths and weaknesses. United Bankshares Inc has to be careful to stay ahead of the competition in order to maintain its market share.

– Southern Bancshares NC Inc ($OTCPK:SBNC)

Waterstone Financial Inc is a publicly traded company with a market capitalization of 378.35 million as of 2022. The company is a provider of banking and financial services to consumers and businesses in the United States. Waterstone Financial Inc offers a full range of deposit and loan products, as well as online and mobile banking services. The company has approximately 1,200 employees and operates more than 100 branches in Wisconsin, Illinois, and Minnesota.

– Waterstone Financial Inc ($NASDAQ:WSBF)

Burke & Herbert Bank & Trust Co is a regional bank headquartered in Alexandria, Virginia. The company has a market cap of 330 million as of 2022. The company operates more than 30 branches in Virginia and Maryland. Burke & Herbert Bank & Trust Co offers a full range of banking and trust services to individuals and businesses.

Summary

United Bankshares is a dividend stock that has been steadily increasing its dividend rates over the last three years. In 2021, the dividend yield was 3.72%, in 2022 it was 3.82%, and in 2023 it was 3.73%. This amounts to an average yield of 3.76%, making United Bankshares a potentially attractive option for investors looking to benefit from dividends in their portfolio. The bank has also consistently paid annual dividends of $1.44 USD in each of the last three years, which further increases its appeal to investors.