Atlantic Union Bankshares Co. (AUB) to Issue Quarterly Dividend of $0.37 on June 5th

Atlantic Union Bankshares Co. (NASDAQ:AUB) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.37 per share on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, May 22nd.

Atlantic Union Bankshares has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Atlantic Union Bankshares has a payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Atlantic Union Bankshares to earn $4.17 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 35.5%.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $36.59 on Wednesday. Atlantic Union Bankshares has a 1 year low of $28.11 and a 1 year high of $42.18. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 15.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $36.53 and a 200-day moving average of $36.55.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. During the same period last year, the firm posted $0.90 EPS. As a group, equities analysts anticipate that Atlantic Union Bankshares will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.