Union Bankshares, Inc. (UNB) Announces Dividend Increase – $0.30 Per Share
Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Thursday, January 18th, Wall Street Journal reports. Investors of record on Saturday, January 27th will be paid a dividend of 0.30 per share by the bank on Thursday, February 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from Union Bankshares’s previous quarterly dividend of $0.29.
Shares of Union Bankshares (UNB) opened at $50.50 on Friday. The stock has a market capitalization of $224.89, a PE ratio of 26.72 and a beta of 0.33. Union Bankshares has a 1 year low of $39.55 and a 1 year high of $55.00.
Union Bankshares (NASDAQ:UNB) last announced its earnings results on Wednesday, October 18th. The bank reported $0.53 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 15.15% and a net margin of 23.36%.
A hedge fund recently raised its stake in Union Bankshares stock. State Street Corp boosted its stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,254 shares of the bank’s stock after acquiring an additional 5,070 shares during the quarter. State Street Corp owned about 1.22% of Union Bankshares worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission. 14.73% of the stock is owned by institutional investors and hedge funds.
About Union Bankshares
Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.
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