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

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Saturday, January 25th will be paid a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has increased its dividend payment by an average of 2.9% per year over the last three years.

Union Bankshares Trading Up 0.6 %

UNB stock traded up $0.17 during mid-day trading on Thursday, hitting $29.72. 7,156 shares of the company were exchanged, compared to its average volume of 7,981. The business has a fifty day simple moving average of $31.58 and a 200-day simple moving average of $27.56. The firm has a market capitalization of $134.46 million, a P/E ratio of 15.24 and a beta of 0.80. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Union Bankshares from a "hold" rating to a "sell" rating in a research note on Monday.

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.

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