RICHMOND, Va., April 23, 2014 /PRNewswire/ -- Union First Market Bankshares Corporation has declared a quarterly dividend of $0.14 per share. The dividend amount is the same as the previous quarterly dividend rate and is a $0.01, or 8%, increase over the dividend rate for the same quarter last year.
Based on the stock's closing price of $25.63 on April 22, 2014, the dividend yield is approximately 2.2%. The dividend is payable on May 30, 2014 to shareholders of record as of May 16, 2014.
ABOUT UNION FIRST MARKET BANKSHARES CORPORATION Headquartered in Richmond, Virginia, Union First Market Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union First Market Bank, which has 90 branches and more than 150 ATMs throughout Virginia and StellarOne Bank, which has 54 branches and more than 60 ATMs throughout Virginia as well as trust and wealth management services. 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.