Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
January 31 2025 - 12:58PM
Business Wire
The Board of Directors (the “Board”) of Atlantic Union
Bankshares Corporation (the “Company”) has declared a quarterly
dividend of $0.34 per share of common stock, which is the same as
the fourth quarter of 2024 and a $0.02, or an approximately 6%,
increase from the dividend in the first quarter of 2024. Based on
the Company’s common stock closing price of $37.41 on January 30,
2025, the dividend yield is approximately 3.6%. The common stock
dividend is payable on February 28, 2025 to common shareholders of
record as of February 14, 2025.
The Board also declared a quarterly dividend on the outstanding
shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred
Stock, Series A (the “Series A preferred stock”). The Series A
preferred stock is represented by depositary shares, each
representing a 1/400th ownership interest in a share of Series A
preferred stock. The dividend of $171.88 per share (equivalent to
$0.43 per outstanding depositary share) is payable on March 3, 2025
to holders of record as of February 14, 2025.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares
Corporation (NYSE: AUB) is the holding company for Atlantic Union
Bank. Atlantic Union Bank had 129 branches located throughout
Virginia and in portions of Maryland and North Carolina as of
December 31, 2024. Certain non-bank financial services affiliates
of Atlantic Union Bank include: Atlantic Union Equipment Finance,
Inc., which provides equipment financing; Atlantic Union Financial
Consultants, LLC, which provides brokerage services; and Union
Insurance Group, LLC, which offers various lines of insurance
products.
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Bill Cimino, Senior Vice President and Director of Investor
Relations 804.448.0937
Atlantic Union Bankshares (NYSE:AUB)
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