Union Bankshares, Inc. (NASDAQ:UNB) to Issue $0.36 Quarterly Dividend

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Saturday, January 25th will be given a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has raised its dividend payment by an average of 2.9% per year over the last three years.

Union Bankshares Stock Up 0.6 %

NASDAQ:UNB traded up $0.17 during mid-day trading on Thursday, hitting $29.72. The stock had a trading volume of 7,156 shares, compared to its average volume of 7,981. Union Bankshares has a twelve month low of $21.00 and a twelve month high of $37.70. The stock has a 50-day simple moving average of $31.58 and a two-hundred day simple moving average of $27.56. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $134.46 million, a PE ratio of 15.24 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Monday.

About Union Bankshares

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.