Achieving Growth and Investor Rewards: Union Bankshares Flourishes with Strong Performance and Rising Profits
By the close of today, November 02, 2023, Union Bankshares (NASDAQ:UNB) will issue a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 5.48%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 26, 2023.
Union Bankshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-26 | 4 | $0.36 | 5.48% | 2023-10-18 | 2023-10-28 | 2023-11-02 |
| 2023-07-27 | 4 | $0.36 | 6.52% | 2023-07-19 | 2023-07-29 | 2023-08-03 |
| 2023-04-27 | 4 | $0.36 | 6.55% | 2023-04-19 | 2023-04-29 | 2023-05-04 |
| 2023-01-26 | 4 | $0.36 | 5.8% | 2023-01-18 | 2023-01-28 | 2023-02-02 |
| 2022-10-27 | 4 | $0.35 | 6.03% | 2022-10-19 | 2022-10-29 | 2022-11-03 |
| 2022-07-28 | 4 | $0.35 | 5.45% | 2022-07-20 | 2022-07-30 | 2022-08-04 |
| 2022-04-28 | 4 | $0.35 | 4.46% | 2022-04-20 | 2022-04-30 | 2022-05-05 |
| 2022-01-27 | 4 | $0.35 | 4.41% | 2022-01-19 | 2022-01-29 | 2022-02-03 |
| 2021-10-28 | 4 | $0.33 | 4.05% | 2021-10-20 | 2021-10-30 | 2021-11-04 |
| 2021-07-29 | 4 | $0.33 | 4.08% | 2021-07-21 | 2021-07-31 | 2021-08-05 |
| 2021-04-29 | 4 | $0.33 | 4.18% | 2021-04-21 | 2021-05-01 | 2021-05-06 |
| 2021-01-29 | 4 | $0.33 | 5.14% | 2021-01-20 | 2021-02-01 | 2021-02-05 |
With a dividend yield that places it neither at the top nor the bottom, Union Bankshares finds itself in the middle among its industry peers, while FNCB Bancorp (NASDAQ:FNCB) boasts the highest annualized dividend yield at 6.41%.
Analyzing Union Bankshares Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $1.24 in 2019 to $1.40 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Union Bankshares
From 2019 to 2022, Union Bankshares experienced a growth in earnings per share, with an increase from $2.62 to $2.80. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article provides an in-depth analysis of Union Bankshares's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.36 per share, resulting in an annualized dividend yield of 5.48%.
With a dividend yield that places it neither at the top nor the bottom, Union Bankshares finds itself in the middle among its industry peers, while FNCB Bancorp boasts the highest annualized dividend yield at 6.41%.
The upward trend in dividend per share and earnings per share for Union Bankshares from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.