RICHMOND, Va., July 24, 2014 /PRNewswire/ -- Union Bankshares Corporation has declared a quarterly dividend of $0.15 per share. The dividend amount represents a $0.01 per share, or 7%, increase over the previous quarterly dividend rate.
Based on the stock's closing price of $24.39 on July 23, 2014, the dividend yield is approximately 2.4%. The dividend is payable on August 29, 2014 to shareholders of record as of August 15, 2014.
ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH), is the holding company for Union First Market Bank, which has 131 branches and 200 ATMs throughout Virginia. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products.
Additional information on the company is available at http://investors.bankatunion.com.
SOURCE Union Bankshares Corporation