United Community Banks, Inc. (NASDAQ:UCB) Plans Quarterly Dividend of $0.25

Key Points

• United Community Banks, Inc. has declared a quarterly dividend of $0.25 per share, reflecting a 4.2% increase from the previous dividend of $0.24.
• The company's stock decreased by 0.1% to $31.55, with a market capitalization of $3.83 billion and a price-to-earnings ratio of 15.47.
• For the latest quarter, United Community Banks reported earnings of $0.66 per share, exceeding estimates, and a 6.1% increase in quarterly revenue year-over-year.

United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.25 per share on Friday, October 3rd. This represents a c) annualized dividend and a dividend yield of 3.2%. This is a 4.2% increase from United Community Banks's previous quarterly dividend of $0.24.

United Community Banks Stock Down 0.1%

Shares of NASDAQ UCB traded down $0.02 during trading on Thursday, hitting $31.55. 485,026 shares of the company traded hands, compared to its average volume of 721,966. The business's fifty day moving average is $30.28 and its 200 day moving average is $29.48. United Community Banks has a fifty-two week low of $22.93 and a fifty-two week high of $35.38. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.47 and a beta of 0.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. United Community Banks had a net margin of 16.48% and a return on equity of 8.64%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that United Community Banks will post 2.52 earnings per share for the current fiscal year.

About United Community Banks

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.

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