Atlantic Union Bankshares Co. Plans Quarterly Dividend of $0.37 (NYSE:AUB)

Atlantic Union Bankshares Co. (NYSE:AUB) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 7th will be paid a dividend of 0.37 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 7th.

Atlantic Union Bankshares has increased its dividend by an average of 0.1%per year 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 research analysts expect Atlantic Union Bankshares to earn $4.02 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 36.8%.

Atlantic Union Bankshares Trading Up 0.9%

NYSE AUB traded up $0.36 on Friday, reaching $42.52. The company had a trading volume of 269,621 shares, compared to its average volume of 1,122,931. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 12.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.92. Atlantic Union Bankshares has a fifty-two week low of $30.39 and a fifty-two week high of $43.62. The business has a 50 day moving average of $39.90 and a two-hundred day moving average of $38.45.

Atlantic Union Bankshares (NYSE:AUB) last announced its earnings results on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The firm had revenue of $387.57 million for the quarter, compared to the consensus estimate of $389.06 million. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Atlantic Union Bankshares will post 3.75 EPS for the current year.

About Atlantic Union Bankshares

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.