United Community Banks, Inc. (NYSE:UCB) to Issue $0.25 Quarterly Dividend

United Community Banks, Inc. (NYSE:UCB) announced a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 15th will be given a dividend of 0.25 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, December 15th.

United Community Banks has raised its dividend payment by an average of 0.1%per year over the last three years.

United Community Banks Stock Down 0.6%

UCB stock traded down $0.17 during mid-day trading on Friday, reaching $29.81. 125,129 shares of the company traded hands, compared to its average volume of 687,218. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $30.98. The firm has a market cap of $3.62 billion, a PE ratio of 11.85 and a beta of 0.91. United Community Banks has a fifty-two week low of $22.93 and a fifty-two week high of $35.38.

United Community Banks (NYSE:UCB) last posted its earnings results on Wednesday, October 22nd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $276.85 million for the quarter, compared to analyst estimates of $270.85 million. United Community Banks had a return on equity of 9.42% and a net margin of 20.67%.The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share.

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.