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. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; home improvement loans and overdraft; and residential construction and mortgage loans. In addition, it offers online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository services; merchant credit card services for the deposit and immediate credit of sales drafts; remote deposit capture services; and online mortgage application services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM services; debit cards; telephone, Internet, and mobile banking services; and asset management, fiduciary, and trust services. The company offers retail banking services to individuals; and commercial banking services to small and medium sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. It operates 18 banking offices, 3 loan centers, and various ATMs. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
Union Bankshares Dividend Announcement
• Union Bankshares announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-08-01. Ex dividend date: 2024-07-26
• Union Bankshares annual dividend for 2024 was $1.08
• Union Bankshares annual dividend for 2023 was $1.44
• Union Bankshares's trailing twelve-month (TTM) dividend yield is 5.75%
• Union Bankshares's payout ratio for the trailing twelve months (TTM) is 22.69%
• Union Bankshares's dividend growth over the last five years (2018-2023) was 3.71% year
• Union Bankshares's dividend growth over the last ten years (2013-2023) was 3.61% year
Union Bankshares Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-26 | $0.36 | quarterly | 2024-08-01 |
| 2024-04-25 | $0.36 | quarterly | 2024-05-02 |
| 2024-01-25 | $0.36 | quarterly | 2024-02-01 |
| 2023-10-26 | $0.36 | quarterly | 2023-11-02 |
| 2023-07-27 | $0.36 | quarterly | 2023-08-03 |
| 2023-04-27 | $0.36 | quarterly | 2023-05-04 |
| 2023-01-26 | $0.36 | quarterly | 2023-02-02 |
| 2022-10-27 | $0.35 | quarterly | 2022-11-03 |
| 2022-07-28 | $0.35 | quarterly | 2022-08-04 |
| 2022-04-28 | $0.35 | quarterly | 2022-05-05 |
| 2022-01-27 | $0.35 | quarterly | 2022-02-03 |
| 2021-10-28 | $0.33 | quarterly | 2021-11-04 |
| 2021-07-29 | $0.33 | quarterly | 2021-08-05 |
| 2021-04-29 | $0.33 | quarterly | 2021-05-06 |
| 2021-01-29 | $0.33 | quarterly | 2021-02-05 |
| 2020-10-29 | $0.32 | quarterly | 2020-11-06 |
| 2020-07-24 | $0.32 | quarterly | 2020-08-06 |
| 2020-04-24 | $0.32 | quarterly | 2020-05-07 |
| 2020-01-24 | $0.32 | quarterly | 2020-02-06 |
| 2019-10-25 | $0.31 | quarterly | 2019-11-07 |
| 2019-07-26 | $0.31 | quarterly | 2019-08-08 |
| 2019-04-29 | $0.31 | quarterly | 2019-05-09 |
| 2019-01-25 | $0.31 | quarterly | 2019-02-07 |
| 2018-10-26 | $0.30 | quarterly | 2018-11-08 |
| 2018-07-27 | $0.30 | quarterly | 2018-08-09 |
| 2018-04-27 | $0.30 | quarterly | 2018-05-10 |
| 2018-01-25 | $0.30 | quarterly | 2018-02-08 |
| 2017-10-26 | $0.29 | quarterly | 2017-11-08 |
| 2017-07-26 | $0.29 | quarterly | 2017-08-09 |
| 2017-04-26 | $0.29 | quarterly | 2017-05-10 |
| 2017-01-25 | $0.29 | quarterly | 2017-02-08 |
| 2016-10-26 | $0.28 | quarterly | 2016-11-08 |
| 2016-07-27 | $0.28 | quarterly | 2016-08-09 |
| 2016-04-27 | $0.28 | quarterly | 2016-05-10 |
| 2016-01-27 | $0.27 | quarterly | 2016-02-09 |
| 2015-10-28 | $0.27 | quarterly | 2015-11-09 |
| 2015-07-23 | $0.27 | quarterly | 2015-08-06 |
| 2015-04-23 | $0.27 | quarterly | 2015-05-07 |
| 2015-01-28 | $0.27 | quarterly | 2015-02-09 |
| 2014-10-22 | $0.26 | quarterly | 2014-11-06 |
| 2014-07-23 | $0.26 | quarterly | 2014-08-07 |
| 2014-04-23 | $0.26 | quarterly | 2014-05-08 |
| 2014-01-22 | $0.26 | quarterly | 2014-02-06 |
| 2013-10-23 | $0.26 | quarterly | 2013-11-07 |
| 2013-07-24 | $0.25 | quarterly | 2013-08-08 |
| 2013-04-24 | $0.25 | quarterly | 2013-05-09 |
| 2013-01-23 | $0.25 | quarterly | 2013-02-07 |
Union Bankshares Dividend per year
Union Bankshares Dividend growth
Union Bankshares Dividend Yield
Union Bankshares current trailing twelve-month (TTM) dividend yield is 5.75%. Interested in purchasing Union Bankshares stock? Use our calculator to estimate your expected dividend yield:
Union Bankshares Financial Ratios
P/E ratio4.03
PEG ratio0.28
P/B ratio1.78
ROE46.68%
Payout ratio22.69%
Current ratio0.17
Quick ratio0.17
Cash Ratio0.06
Union Bankshares Dividend FAQ
How much is the next Union Bankshares dividend?
Union Bankshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Union Bankshares dividend. The next Union Bankshares dividend will be released in January, April, July, or October.
When is Union Bankshares dividend paid?
Union Bankshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Union Bankshares pay?
The specific amount of Union Bankshares dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Union Bankshares's dividend history.
Does Union Bankshares stock pay dividends?
Yes, Union Bankshares does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Union Bankshares's dividend history.
How much dividend does Union Bankshares pay?
Union Bankshares paid $1.08 in 2024, $1.44 in 2023, $1.4 in 2022, $1.32 in 2021, and $1.28 in 2020.
How often does Union Bankshares pay dividends?
Union Bankshares typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Union Bankshares's dividend yield?
The current dividend yield for Union Bankshares is 5.75%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Union Bankshares's exact dividend yield.
When does Union Bankshares go ex dividend?
Union Bankshares's ex-dividend date for the latest dividend was on 2024-07-26. Union Bankshares typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Union Bankshares dividend paid?
Union Bankshares pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Union Bankshares increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Union Bankshares will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Union Bankshares dividend per share?
Union Bankshares paid $1.08 per share in 2024 and $1.44 per share in 2023. The amount of dividend per share that Union Bankshares pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Union Bankshares a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Union Bankshares a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Union Bankshares a dividend stock?
Yes, Union Bankshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Union Bankshares a good dividend stock?
Whether Union Bankshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Union Bankshares has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Union Bankshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Union Bankshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Union Bankshares pay dividends monthly?
Union Bankshares typically pays dividends on a quarterly basis.
Does Union Bankshares pay dividends quarterly?
Union Bankshares currently pays dividends on a quarterly basis.
Has Union Bankshares ever paid a dividend?
Yes, Union Bankshares has a history of paying dividends to its shareholders. Union Bankshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Union Bankshares dividend stocks?
To buy Union Bankshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Union Bankshares stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Union Bankshares stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Union Bankshares pay dividends 2024?
Union Bankshares pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Union Bankshares increase its dividend in 2024?
Decisions regarding Union Bankshares dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Union Bankshares dividend overview you can look into the above table of dividend history.
How Union Bankshares dividend works?
The Union Bankshares dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Union Bankshares's dividend process works:
1. Determination of Dividend: Union Bankshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Union Bankshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Union Bankshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Union Bankshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Union Bankshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Union Bankshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Union Bankshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Union Bankshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Union Bankshares dividends paid?
Union Bankshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Union Bankshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Union Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Union Bankshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Union Bankshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Union Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Union Bankshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Union Bankshares pay dividends?
Union Bankshares typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Union Bankshares pay dividends?
The general pattern is that Union Bankshares pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Union Bankshares dividend safe?
The safety of Union Bankshares's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Union Bankshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Union Bankshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Union Bankshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Union Bankshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.