Ex-Dividend Date Insight: United Bankshares
United Bankshares (NASDAQ:UBSI) declared a dividend payable on April 1, 2021 to its shareholders as of February 22, 2021. It was also announced that shareholders of United Bankshares's stock as of March 12, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. United Bankshares, which has a current dividend per share of $0.35, has an ex-dividend date scheduled for March 11, 2021. That equates to a dividend yield of 3.85% at current price levels.
What Are Ex-Dividend Dates?
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
United Bankshares's Dividend Payouts And Yields
Over the past year, United Bankshares has seen its dividend payouts remain the same and its yields trend downward. Last year on March 12, 2020 the company's payout sat at $0.35, which has returned to its value today. United Bankshares's dividend yield last year was 4.31%, which has since decreased by 0.46%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on United Bankshares's previous dividends.
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