United Community Banks, Inc. (NYSE:UCB) Announces Dividend Increase – $0.26 Per Share

United Community Banks, Inc. (NYSE:UCB) announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.26 per share on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. This is a 4.0% increase from United Community Banks’s previous quarterly dividend of $0.25.

United Community Banks has increased its dividend payment by an average of 0.1%annually over the last three years.

United Community Banks Stock Up 1.0%

Shares of NYSE UCB opened at $36.75 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.09 and a beta of 0.82. The firm has a 50-day moving average price of $35.05 and a 200 day moving average price of $33.72. United Community Banks has a 52 week low of $28.65 and a 52 week high of $37.18. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

United Community Banks (NYSE:UCB) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $279.28 million for the quarter. United Community Banks had a return on equity of 9.61% and a net margin of 24.43%. Equities research analysts anticipate that United Community Banks will post 2.93 EPS for the current fiscal year.

United Community Banks Company Profile

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.