Union Bankshares, Inc. (NASDAQ:UNB) to Issue Quarterly Dividend of $0.36

Posted by Patrick Bannon on Jan 17th, 2025

Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report) announced a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Saturday, January 25th will be paid a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has raised its dividend payment by an average of 2.9% annually over the last three years.

Union Bankshares Stock Performance

Shares of NASDAQ UNB opened at $29.88 on Friday. Union Bankshares has a 52-week low of $21.00 and a 52-week high of $37.70. The stock has a market capitalization of $135.06 million, a price-to-earnings ratio of 15.32 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $31.59 and its 200 day simple moving average is $27.58.

Union Bankshares (NASDAQ:UNB – Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Monday.

Get Our Latest Report on UNB

Union Bankshares Company Profile

(Get Free Report)

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.