Union Bankshares's most recent quarterly cash dividend of $0.36 per share was issued to shareholders on record before Apr 25, 2024. The payout stands at $1.44 per share annually, which works out to a dividend yield of 5.74%.
Union Bankshares's dividend yield of 5.74% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.85%, Union Bankshares's dividend yield is 101% higher. Historically UNB's dividend yield has averaged at 4.9% in the last 5 years, which is below the current yield.
Union Bankshares has been paying dividends for the last 25 years. According to our data UNB has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 1.4% for the last twelve months. However since the stock price has gone up by 7% from a year ago, the dividend yield has decreased by 5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 25, 2024 | May 2, 2024 | Apr 17, 2024 | $0.36 | normal |
| Jan 25, 2024 | Feb 1, 2024 | Jan 17, 2024 | $0.36 | normal |
| Oct 26, 2023 | Nov 2, 2023 | Oct 18, 2023 | $0.36 | normal |
| Jul 27, 2023 | Aug 3, 2023 | Jul 19, 2023 | $0.36 | normal |
| Apr 27, 2023 | May 4, 2023 | Apr 19, 2023 | $0.36 | normal |
| Jan 26, 2023 | Feb 2, 2023 | Jan 18, 2023 | $0.36 | normal |
| Oct 27, 2022 | Nov 3, 2022 | Oct 19, 2022 | $0.35 | normal |
| Jul 28, 2022 | Aug 4, 2022 | Jul 20, 2022 | $0.35 | normal |
| Apr 28, 2022 | May 5, 2022 | Apr 20, 2022 | $0.35 | normal |
| Jan 27, 2022 | Feb 3, 2022 | Jan 19, 2022 | $0.35 | normal |
| Jan 26, 2022 | Feb 3, 2022 | Jan 19, 2022 | $0.35 | normal |
| Oct 28, 2021 | Nov 4, 2021 | Oct 20, 2021 | $0.33 | normal |
| Jul 29, 2021 | Aug 5, 2021 | Jul 21, 2021 | $0.33 | normal |
| Apr 29, 2021 | May 6, 2021 | Apr 21, 2021 | $0.33 | normal |
| Jan 29, 2021 | Feb 5, 2021 | Jan 20, 2021 | $0.33 | normal |
| Oct 29, 2020 | Nov 6, 2020 | Oct 21, 2020 | $0.32 | normal |
| Jul 24, 2020 | Aug 6, 2020 | Jul 15, 2020 | $0.32 | normal |
| Apr 24, 2020 | May 7, 2020 | Apr 15, 2020 | $0.32 | normal |
| Jan 24, 2020 | Feb 6, 2020 | Jan 15, 2020 | $0.32 | normal |
| Oct 25, 2019 | Nov 7, 2019 | Oct 16, 2019 | $0.31 | normal |
| Jul 26, 2019 | Aug 8, 2019 | Jul 17, 2019 | $0.31 | normal |
| Apr 29, 2019 | May 9, 2019 | Apr 17, 2019 | $0.31 | normal |
| Jan 25, 2019 | Feb 7, 2019 | Jan 16, 2019 | $0.31 | normal |
| Oct 26, 2018 | Nov 8, 2018 | Oct 17, 2018 | $0.3 | normal |
| Jul 27, 2018 | Aug 9, 2018 | Jul 18, 2018 | $0.3 | normal |
| Apr 27, 2018 | May 10, 2018 | Apr 18, 2018 | $0.3 | normal |
| Jan 25, 2018 | Feb 8, 2018 | Jan 17, 2018 | $0.3 | normal |
| Oct 26, 2017 | Nov 8, 2017 | Oct 18, 2017 | $0.29 | normal |
| Jul 26, 2017 | Aug 9, 2017 | Jul 19, 2017 | $0.29 | normal |
| Apr 26, 2017 | May 10, 2017 | Apr 19, 2017 | $0.29 | normal |
| Jan 25, 2017 | Feb 8, 2017 | Jan 18, 2017 | $0.29 | normal |
| Oct 26, 2016 | Nov 8, 2016 | Oct 19, 2016 | $0.28 | normal |
Union Bankshares's payout ratio of 60.8% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 41.2%, Union Bankshares's payout ratio is 48% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 6.87% | $2.24 | 82.7% |
| UNB Union Bankshares Inc | 5.75% | $1.44 | 60.8% |
| INDB Independent Bank Corp | 3.49% | $2.24 | 43.2% |
| BHB Bar Harbor Bankshares | 3.48% | $1.14 | 41.5% |
| NBTB Nbt Bancorp Inc | 2.57% | $1.28 | 49% |
Yes, Union Bankshares has been paying dividends for the last 25 years.
UNB has announced its next dividend with ex-date Jul 26, 2024.
Union Bankshares's last regular dividend was on Apr 25, 2024 (ex-date) with the amount of $0.36 per share.
UNB's annualized dividend per share is $1.44.
Union Bankshares's current dividend yield is 5.74%.
Union Bankshares pays dividends quarterly.
Union Bankshares's dividend payout ratio is 60.8%.
Union Bankshares's dividend yield is above the Financial Services sector average.