UnionBanCal Corporation Announces 11 Percent Increase in Quarterly Cash Dividend
25 May 2007 - 7:00AM
Business Wire
UnionBanCal Corporation (NYSE:UB) announced today an 11 percent
increase in its quarterly common stock dividend. For the second
quarter of 2007, the cash dividend will be 52 cents per common
share, up from 47 cents per share. The dividend will be paid on
July 6, 2007, to shareholders of record as of June 4, 2007.
UnionBanCal Corporation has approximately 138 million shares of
common stock outstanding. �We are very pleased to increase our
common stock dividend by more than 10 percent for the sixth
consecutive year,� stated Masaaki Tanaka, President and Chief
Executive Officer. �This action reflects our strong capital
position and our confidence in the future of UnionBanCal
Corporation.� Based in San Francisco, UnionBanCal Corporation is a
bank holding company with assets of $54.6 billion at March 31,
2007. Its primary subsidiary, Union Bank of California, N.A., had
321 banking offices in California, Oregon and Washington and 2
international offices at March 31, 2007.
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