Atlantic Union Bankshares Co. to Issue Quarterly Dividend of $0.37 (NASDAQ:AUB)

Atlantic Union Bankshares Co. (NASDAQ:AUB) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 13th will be given a dividend of 0.37 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 13th.

Atlantic Union Bankshares has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 14 years. Atlantic Union Bankshares has a dividend payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Atlantic Union Bankshares to earn $4.17 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 35.5%.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded down $0.24 during trading hours on Friday, reaching $38.96. The stock had a trading volume of 137,140 shares, compared to its average volume of 1,164,947. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 17.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average is $36.39 and its two-hundred day moving average is $34.79. Atlantic Union Bankshares has a twelve month low of $22.85 and a twelve month high of $40.71.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, research analysts expect that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.