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

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, January 15th,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 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has raised its dividend by an average of 2.9% annually over the last three years.

Union Bankshares Trading Up 1.3 %

Shares of NASDAQ:UNB opened at $30.39 on Wednesday. The company has a market cap of $137.36 million, a PE ratio of 15.66 and a beta of 0.80. The company’s 50 day moving average is $31.59 and its two-hundred day moving average is $27.85. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Union Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday.

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.