Union Bankshares, Inc. (UNB) Raises Dividend to $0.30 Per Share

Union Bankshares, Inc. (NASDAQ:UNB) declared 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 yield of 2.38%. The ex-dividend date is Thursday, January 25th. This is a boost from Union Bankshares’s previous quarterly dividend of $0.29.

Shares of Union Bankshares (NASDAQ UNB) traded up $0.05 during mid-day trading on Thursday, reaching $50.40. The company had a trading volume of 3,200 shares, compared to its average volume of 1,927. The stock has a market cap of $225.36, a price-to-earnings ratio of 25.33 and a beta of 0.28. Union Bankshares has a one year low of $39.55 and a one year high of $55.00.

Union Bankshares (NASDAQ:UNB) last issued 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 15.28% and a net margin of 23.36%.

Separately, ValuEngine downgraded Union Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, November 17th.

A hedge fund recently raised its stake in Union Bankshares stock. State Street Corp increased its holdings in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 10.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,254 shares of the bank’s stock after acquiring an additional 5,070 shares during the period. State Street Corp owned approximately 1.22% of Union Bankshares worth $2,583,000 as of its most recent SEC filing. Institutional investors own 14.73% of the company’s stock.

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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.

Dividend History for Union Bankshares (NASDAQ:UNB)

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