United Community Banks, Inc. (NYSE:UCB) Announces Quarterly Dividend of $0.26

United Community Banks, Inc. (NYSE:UCB) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.26 per share on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. This is a 4.0% increase from United Community Banks’s previous quarterly dividend of $0.25.

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

United Community Banks Trading Up 1.0%

NYSE UCB opened at $36.75 on Friday. The stock has a market cap of $4.40 billion, a PE ratio of 12.09 and a beta of 0.82. United Community Banks has a 12 month low of $28.65 and a 12 month high of $37.18. The company’s 50-day moving average price is $35.05 and its 200-day moving average price is $33.72. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.

United Community Banks (NYSE:UCB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The company had revenue of $279.28 million for the quarter. United Community Banks had a net margin of 24.43% and a return on equity of 9.61%. Equities research analysts forecast that United Community Banks will post 2.93 earnings per share for the current year.

About United Community Banks

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.