Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on November 13th

Atlantic Union Bankshares Co. (NYSE:AUB) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.40 per share on Friday, November 27th. This represents a $1.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 13th. This is a 8.1% increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.37.

Atlantic Union Bankshares has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 14 years. Atlantic Union Bankshares has a dividend payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atlantic Union Bankshares to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 36.4%.

Atlantic Union Bankshares Trading Down 1.1%

AUB stock opened at $39.28 on Friday. The company has a market cap of $5.61 billion, a P/E ratio of 10.73 and a beta of 0.80. Atlantic Union Bankshares has a twelve month low of $30.87 and a twelve month high of $43.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $39.18 and a 200-day moving average of $39.06.

Atlantic Union Bankshares (NYSE:AUB) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The business had revenue of $387.90 million for the quarter, compared to analyst estimates of $392.72 million. Atlantic Union Bankshares had a return on equity of 10.79% and a net margin of 23.97%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. As a group, equities research analysts expect that Atlantic Union Bankshares will post 3.77 EPS for the current year.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.