Supporting Shareholders through Changes: Union Bankshares Ensures Stable Distribution amidst Decreased Profits
By the close of today, February 01, 2024, Union Bankshares (NASDAQ:UNB) will issue a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 4.51%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 25, 2024.
Union Bankshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-25 | 4 | $0.36 | 4.51% | 2024-01-17 | 2024-01-27 | 2024-02-01 |
| 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 |
When comparing Union Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 5.87%.
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 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.28 in 2020 to $1.44 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Union Bankshares
The earnings chart highlights a decrease in Union Bankshares's earnings per share, declining from $2.62 in 2020 to $2.58 in 2023. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
In this article, we explore the recent dividend payout of Union Bankshares and its significance for shareholders. The company has decided to distribute a dividend of $0.36 per share today, which equates to an annualized dividend yield of 4.51%.
When comparing Union Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security having the highest annualized dividend yield at 5.87%.
The rising dividend per share and declining earnings per share of Union Bankshares from 2020 to 2023 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
\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.