Union Bankshares, Inc. (NASDAQ:UNB) Announces Quarterly Dividend of $0.36

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Saturday, October 26th will be paid a dividend of 0.36 per share by the bank on Thursday, November 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, October 25th.

Union Bankshares has increased its dividend by an average of 4.0% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Union Bankshares Price Performance

Shares of UNB opened at $26.70 on Friday. The business has a 50-day simple moving average of $25.61 and a two-hundred day simple moving average of $24.95. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $32.00. The stock has a market cap of $120.68 million, a PE ratio of 12.03 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.25.

Union Bankshares (NASDAQ:UNB) last posted its earnings results on Friday, August 9th. The bank reported $0.45 EPS for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 16.36%. The business had revenue of $12.25 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Union Bankshares Company Profile

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.