Understanding United Bankshares's Ex-Dividend Date

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United Bankshares UBSI declared a dividend payable on January 4, 2021 to its shareholders as of November 20, 2020. It was also announced that shareholders of United Bankshares's stock as of December 11, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for United Bankshares is set for December 10, 2020. The company's current dividend payout sits at $0.35, equating to a dividend yield of 4.74% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

Understanding United Bankshares's Dividend Performance

Over the past year, United Bankshares has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on December 12, 2019 the company's payout was $0.35, which has returned to its value today. United Bankshares's dividend yield last year was 3.53%, which has since grown by 1.21%.
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.

To read more news on United Bankshares click here.

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