Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
25 October 2024 - 7:25AM
Business Wire
The Board of Directors (the “Board”) of Atlantic Union
Bankshares Corporation (the “Company”) has declared a quarterly
dividend of $0.34 per share of common stock, which is a $0.02, or
approximately 6%, increase from the third quarter of 2024 and an
approximately 6% increase from the dividend in the fourth quarter
of 2023. Based on the Company’s common stock closing price of
$37.10 on October 24, 2024, the dividend yield is approximately
3.7%. The common stock dividend is payable on November 22, 2024 to
common shareholders of record as of November 8, 2024.
The Board also declared a quarterly dividend on the outstanding
shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred
Stock, Series A (the “Series A preferred stock”). The Series A
preferred stock is represented by depositary shares, each
representing a 1/400th ownership interest in a share of Series A
preferred stock. The dividend of $171.88 per share (equivalent to
$0.43 per outstanding depositary share) is payable on December 2,
2024 to holders of record as of November 15, 2024.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares
Corporation (NYSE: AUB) is the holding company for Atlantic Union
Bank. Atlantic Union Bank had 129 branches and approximately 150
ATMs located throughout Virginia and in portions of Maryland and
North Carolina as of September 30, 2024. Certain non-bank financial
services affiliates of Atlantic Union Bank include: Atlantic Union
Equipment Finance, Inc., which provides equipment financing;
Atlantic Union Financial Consultants, LLC, which provides brokerage
services; and Union Insurance Group, LLC, which offers various
lines of insurance products.
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version on businesswire.com: https://www.businesswire.com/news/home/20241024590408/en/
Bill Cimino, Senior Vice President and Director of Investor
Relations 804.448.0937
Atlantic Union Bankshares (NYSE:AUB)
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