Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on August 7th

Atlantic Union Bankshares Co. (NYSE:AUB) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 7th will be given a dividend of 0.37 per share on Friday, August 21st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 7th.

Atlantic Union Bankshares has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Atlantic Union Bankshares has a payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atlantic Union Bankshares to earn $4.02 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 36.8%.

Atlantic Union Bankshares Price Performance

AUB stock opened at $42.18 on Friday. The firm has a 50 day simple moving average of $40.02 and a two-hundred day simple moving average of $38.48. Atlantic Union Bankshares has a one year low of $30.39 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $6.04 billion, a PE ratio of 12.59 and a beta of 0.79.

Atlantic Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. During the same period in the prior year, the company earned $0.95 EPS. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Atlantic Union Bankshares will post 3.76 EPS for the current fiscal year.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.