United Bankshares Inc. (NASDAQ: UBSI) declared a quarterly dividend of $0.38 per share, maintaining its 52-year streak of annual increases.
The dividend, payable on Oct. 1 to shareholders of record as of Sept. 11, totals about $51.8 million based on 136.2 million shares outstanding. The regional bank, which operates more than 240 offices across nine states, has assets of roughly $34 billion as of June 30.
In a separate announcement, the company authorized a new share repurchase program covering up to 6.8 million shares, equivalent to about 5% of its outstanding common stock. The plan replaces a prior authorization from November 2025 and may be executed through open-market purchases, private transactions, or other methods at management’s discretion. The company noted the repurchased shares could be used for employee benefit programs, general corporate purposes, or potential acquisitions.
United Bankshares’ footprint spans Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania, with headquarters in Charleston, West Virginia.
